Why Nvidia Stock Slumped Tuesday Morning
Nvidia's stock experienced a decline of up to 6% following a record high, influenced by overall market weakness and recent product announcements at CES. CEO Jensen Huang unveiled new AI-powered gaming GPUs, the Cosmos platform for AI applications, and AI Blueprints for developers. Despite the recent dip, analysts believe Nvidia's stock has significant growth potential, with a market cap projected to exceed $4 trillion in the next 12 to 18 months, making it a favorable investment.
Motley Fool