NVIDIA (NVDA, Financial) experienced a sharp decline of 6.22%, marking its worst single-day performance since September, with a trading volume of $50.015 billion. At CES 2025, CEO Jensen Huang announced Project DIGITS, a new personal computing product featuring the GB10 superchip. This chip offers extensive AI computing capabilities, supporting model prototyping, fine-tuning, and execution. Users can develop and run model inference on their desktop systems and seamlessly deploy them on accelerated cloud or data center infrastructures. Analysts at Wedbush Securities suggest that this announcement could further solidify NVIDIA's technological lead in the semiconductor industry.
Tesla (TSLA) fell by 4.06%, with $29.762 billion in trading volume. Bank of America downgraded Tesla's rating from "buy" to "neutral," citing overvaluation and strategic risks, including the mid-2025 launch of autonomous taxis and a new low-cost model. The price target was increased from $400 to $490.
Apple (AAPL) dropped by 1.14%, with a trading volume of $9.767 billion. Ireland's Finance Ministry reported record tax revenue in 2024, partly due to Apple's significant tax payments. Additionally, Apple plans to invest $1 billion in an AirTag factory in Indonesia, set to open in early 2026.
Other notable movements include MicroStrategy's 9.94% drop, Meta Platforms' 1.95% decline, and Microsoft's 1.28% decrease. Palantir fell by 7.81% after Morgan Stanley downgraded its rating, citing potential downside risks.
