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Nvidia debuts desktop AI super chip but shares drop with wider market slump

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Nvidia CEO Jensen Huang unveiled the company’s latest AI supercomputer, Project DIGITS, during his keynote at the Consumer Electronics Show (CES) in Las Vegas on January 6. This personal AI supercomputer, powered by the GB10 Grace Blackwell Superchip, is designed to provide researchers, data scientists, and students with access to a deep learning GPU intelligence training system. The device is expected to be available in May, priced at approximately $3,000.

In addition to Project DIGITS, Huang introduced Nvidia’s Cosmos platform, which offers AI models for developing humanoid robots and autonomous vehicles. He emphasized the imminent arrival of the “autonomous vehicle revolution” and suggested that the “ChatGPT moment for general robotics is just around the corner.”

Despite these announcements, Nvidia’s stock experienced a decline amid a broader market downturn. On January 7, Nvidia Corp (NVDA) shares closed down 6.2% at $140, with a modest 1% recovery in after-hours trading. This dip is part of a wider market slump influenced by mixed U.S. jobs data, which has particularly impacted technology and cryptocurrency stocks.

Analysts remain optimistic about Nvidia’s long-term prospects, noting the company’s strategic positioning across various sectors, including data centers, autonomous vehicles, and robotics. Truist Securities analyst William Stein commented that Nvidia continues to enhance its presence not only in data centers but also across all areas of the edge, from client computing to autonomous vehicles and robotics.

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