Nvidia Stock Suddenly Slips To Worst Day In Months As Tech Stocks Pull Back

Stock Performance - Nvidia stock briefly rallied 2.5% to a new intraday all-time high of $153 following CEO Jensen Huang's CES 2025 keynote but reversed to close down more than 6% at $140.14, marking its worst day since September 3 [1][2] - The selloff erased over $220 billion in Nvidia's market value and contributed to broader market declines, with the S&P 500 dropping 1.1% and the Nasdaq falling 1.9% [2] Industry Impact - The tech selloff affected other AI-heavy stocks, with Palantir and Tesla shares falling 8% and 4%, respectively [3] - Nvidia's decline weighed on equity indexes, reflecting investor concerns about U.S. fiscal and monetary policy [2] Company Developments - Nvidia showcased advancements in robotics (physical AI) and gaming GPUs during Huang's CES speech, reinforcing its AI leadership [4] - The company announced new partnerships, including Micron as its memory partner for gaming GPUs and deals in autonomous driving with Toyota, Aurora, and Uber [4] - Nvidia's innovations span hardware and software, supported by a robust partner and customer ecosystem, as highlighted by Goldman Sachs and Bank of America analysts [4] Strategic Positioning - Nvidia is a leader in AI hardware and software architecture, serving major customers like Amazon and Microsoft [7] - The company's stock has surged over 2,000% in the last five years, driven by its dominance in generative AI and expanding ecosystem [7] CEO's Vision - Jensen Huang emphasized that the "ChatGPT moment for general robotics is just around the corner," signaling Nvidia's focus on advancing physical AI [5]