Nvidia Stock Dips After Jensen Huang's CES Speech: A Closer Look

Nvidia (NVDA) stock experienced a dip on Tuesday, despite receiving positive reviews from Wall Street analysts following CEO Jensen Huang's keynote address at CES 2025. Huang delivered an upbeat update on the company's Blackwell launch, introduced new products, and outlined the path to "physical AI." However, the stock retreated after initially spiking to a record high.

During his speech, Huang announced that the Blackwell AI processor series is now in full production, with every cloud service provider having systems up and running. He also introduced the Nvidia Blackwell GeForce RTX 50 Series GPUs and a family of laptop computers using these new GPUs. The top-of-the-line Nvidia GeForce RTX 5090 GPU has 92 billion transistors and delivers 3,352 trillion AI operations per second (TOPS).

Analysts maintained their bullish ratings and price targets despite the stock's initial retreat. Rosenblatt Securities' Hans Mosesmann reiterated his buy rating with a price target of $220, citing Nvidia's continued enhancement and development of AI hardware and software offerings. Wedbush Securities' Daniel Ives maintained his outperform rating, highlighting Nvidia's ability to stretch its technology lead and bullishness on the overall AI Revolution. BofA Securities' Vivek Arya kept his "top pick" buy rating, emphasizing Nvidia's continued AI dominance across hardware and software, expanding its reach from cloud to enterprise and consumer.

The market's reaction to Nvidia's new products at CES 2025 reflects investors' confidence in the company's growth trajectory. Despite the stock's initial retreat after Huang's keynote, analysts maintained their positive sentiments, indicating that Nvidia's fundamentals and long-term growth potential remain strong.

In light of the recent stock price movement, analysts' price targets and ratings for Nvidia stock align with the company's fundamentals and long-term growth potential. The company's dominance in AI hardware and its expanding reach into new markets like robotics and autonomous vehicles present both opportunities and threats. As competitors like AMD and Intel invest heavily in AI hardware, Nvidia must continue to innovate and maintain its leadership position to capitalize on the growing AI market.

In conclusion, Nvidia stock's dip after Jensen Huang's CES speech can be attributed to investors taking profits after the stock's recent rally or concerns about potential supply constraints. Despite the initial retreat, analysts remain bullish on the company's prospects, highlighting its continued AI dominance and growth potential in the AI and robotics sectors. As the competitive landscape evolves, Nvidia must continue to innovate and adapt to maintain its leadership position and capitalize on the growing AI market.