Why Nvidia Stock Slumped Tuesday Morning
Shares of Nvidia (NASDAQ: NVDA) were under pressure on Tuesday, falling as much as 6%. As of 3:13 p.m. ET, the stock was still down 5.6%.
Nvidia stock appeared to be caught up in overall market weakness, and taking a breather after closing at a new record high on Monday. Furthermore, investors seem to be digesting the myriad product announcements from the artificial intelligence (AI) chipmaker in conjunction with the kickoff of CES yesterday in Las Vegas.
CEO Jensen Huang was the keynote speaker to open CES on Monday, and his address came with a long list of product announcements, including:
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