Nvidia remains extraordinary

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There was nothing more Jensen Huang could have done this week.

I watched Nvidia’s (NVDA) rockstar CEO crush the CES stage on Monday in an iconic black leather alligator jacket. Jensen always sports a black leather jacket at his keynotes, but this one had some extra flair and shine — leaving the Jensen fanatics on X to speculate that the gazillionaire tech mogul was signaling a huge year ahead!

I respect this group’s passion for a jacket. Love it, actually. I would gladly wear that jacket on my Opening Bid live show and Opening Bid Unfiltered podcast every single day if I had it. Might even sleep in it to save time in the morning.

But the reality is that what Jensen said onstage in three key areas is way more important. It just doesn’t appear that the market was clued into said reality.

Nvidia shares are down by under 2% since Huang gave his highly anticipated CES speech. Keep in mind that this week the markets hit a record, with the Dow Jones Industrial Average (^DJI) knocking on the door of 50,000.

So the weak action in Nvidia has stayed with me mentally.

Here’s where I think you need to be focused on with Nvidia: the fundamentals, not the price action.

First, physical AI is beginning to come out of the testing lab and into real-world settings like autonomous vehicles and robots.