“虽然黄仁勋如预期那样在演讲中全面阐述了人工智能行业的现状和未来方向，并作出一些技术上令人兴奋的宣布，这些宣布进一步巩固了公司在硬件和软件领域的领导地位，但我们认为，许多投资者原本希望能看到更多关于Blackwell的进展更新，以及公司在下一代GPU平台——Rubin上的进展，”Benchmark Research的分析师Cody Acree在致客户的报告中写道。The stock price of NVIDIA rose during the trading days leading up to the International Consumer Electronics Show (CES), but fell sharply after CEO Jensen Huang's keynote speech at CES.
This may reflect that investors engaged in the "Sell the news" phenomenon after the event, despite the speech mentioning a personal supercomputer equipped with the new Blackwell chip and a partnership involving Self-Driving Truck technology.
However, Wall Street may have also been disappointed with Huang's speech on Monday night, as it lacked an important topic—the discussion of NVIDIA's next-generation GPU platform, Rubin.
"Although Huang comprehensively outlined the current state and future direction of the AI Industry as expected during the speech, and made some technically exciting announcements that further solidified the company's leadership in Hardware and Software, we believe many investors had hoped to see more updates on the progress of Blackwell and the company's advancements on the next-generation GPU platform—Rubin," wrote Analyst Cody Acree of Benchmark Research in a report to clients.
The speech did mention Blackwell, including Huang stating that it had entered full production. However, Acree pointed out, "To be fair, Rubin, this next-generation design, is not expected to launch until 2026, but it was completely absent in the speech."
NVIDIA's stock price plunged 6.2% on Tuesday, marking the largest single-day percentage drop since a 9.5% decline on September 3, 2024, making it one of the biggest losers in the S&P 500 Index that day.
Tuesday's trading behavior for NVIDIA was unusual, as the stock reached a 52-week high during the day before reversing sharply downwards. Dow Jones market data confirmed that this was the first time NVIDIA's stock price reached such a high since it went public, but closed below the level from 50 days prior.
Stifel Analyst Ruben Roy pointed out that although Huang's announcements were significant, their impact is long-term (i.e., a smaller immediate effect on financial models). For example, the company's new project "Digits AI Supercomputer," with a starting price of $3,000, may "not significantly drive revenue growth," but could help deepen NVIDIA's developer network.
In the report, he stated: "We believe that these developments further deepen the company's competitive barriers in the fields of AI, robotics, self-driving cars, graphics, as well as PC and edge device inference, laying the foundation for billions of dollars in advancements in the future."
