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Cryptocurrency News Articles
Nvidia Captivates Tech and Investment Worlds at CES 2025, Stock Soars over 2% in Pre-Market Trading
Jan 15, 2025 at 08:02 am
Nvidia Corp. (NASDAQ: NVDA) is captivating the tech and investment worlds once again, with its stock climbing over 2% in pre-market trading on Tuesday
Tech and investment giant Nvidia Corp. (NASDAQ: NVDA) is once again captivating the markets with its stock climbing over 2% in pre-market trading on Tuesday. The momentum builds on a strong Monday session, during which Nvidia’s stock rose by 3.4% and briefly surpassed Apple in market capitalization, reaching an impressive $3.66 trillion valuation.
Retail Confidence Soars After Keynote
Retail investors are showing overwhelming confidence in Nvidia’s future prospects. A Stocktwits poll revealed that nearly 75% of respondents felt more optimistic about the company after CEO Jensen Huang’s CES keynote. Nvidia also emerged as the second-highest trending ticker on Stocktwits Tuesday morning, with retail sentiment firmly in the bullish zone and message volume reaching record highs.
The RTX 5090: A Gaming Revolution
Huang's keynote began with the highly anticipated launch of the RTX Blackwell family of gaming chips, headlined by the flagship RTX 5090. This $2,000 powerhouse boasts cutting-edge features, including 92 billion transistors and 380 ray-tracing teraflops. With this release, Nvidia reinforces its dominance in the graphics processing industry, catering to the growing demands of gamers and developers alike.
Redefining Robotics and Automation
Nvidia also made a significant leap in the robotics and automation sectors. The company introduced the GR00T Blueprint modality, an innovative system designed to train robots and self-driving cars at lower costs. Leveraging Apple’s Vision Pro, this technology enables imitation learning, allowing robots to create digital twins and refine their processes in simulated environments.
Huang hinted at a transformative moment for robotics, declaring, “The ChatGPT moment for general robots is just around the corner.”
Automotive AI Gets a Boost with Toyota Partnership
Nvidia announced a landmark partnership with Toyota to integrate its Drive AGX Orin supercomputer into Toyota’s new fleet of vehicles. This collaboration highlights Nvidia’鰈s aggressive push into the multi-trillion-dollar automated driving market, cementing its position as a leader in automotive AI technology.
Cosmos Models and Project Digits: AI for the Future
The keynote concluded with two visionary announcements. First, Nvidia launched the Cosmos World Foundation Models, an innovative approach to developing AI systems inspired by human cognitive processes. Second, Huang unveiled Project Digits, a $3,000 personal AI supercomputer designed for smaller-scale applications, underscoring Nvidia’s commitment to democratizing AI technology.
Retail Buzz and Future Potential
Amid Nvidia's announcements, retail investors praised the company for staying focused on practical applications rather than chasing hype-driven trends like quantum computing. Nvidia’s stellar performance, with a 185% stock gain over the past year, reflects investor confidence in its ability to outpace rivals like Tesla and Palantir.
With a robust product lineup unveiled at CES 2025 and a clear vision for the future, Nvidia continues to set the benchmark for innovation and market leadership.
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- Imran Khan, Pakistan's most popular politician, is facing a 14-year prison term this month in a case his party says is being used to pressure him into silence.
- Jan 15, 2025 at 04:30 pm
- The former prime minister, long a source of frustration for the powerful military, has been in custody since August 2023 and faces a slew of legal cases he says are politically motivated.
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- The Cryptocurrency Landscape Is Shifting
- Jan 15, 2025 at 04:30 pm
- Investors constantly seek opportunities in the ever-evolving world of cryptocurrencies. Recently, PancakeSwap’s token burning mechanism has captured attention, yet it might not deliver the significant gains one anticipates. Meanwhile, GigaSwap’s recent performance shows concerning trends with declining user engagement that raises questions about its sustainability.