Steven Cohen of Point72 Asset Management bought 1.5 million shares of Nvidia, increasing his stake by 75%. It is now his largest position excluding options. Meanwhile, he sold 1.5 million shares of Apple, completely exiting the position.

Continued Ives, “We could go back to quarters where the stock sells off, bears come out of hibernation mode, stock goes to $100, then all of a sudden, two months later, back up to all-time highs. These knee-jerk reactions, it’s easy to get scared by them because they don’t say anything about near-term demand.”

Following Nvidia's (NASDAQ: NVDA) presentation at CES 2025, Bank of America analyst Vivek Arya reiterated a bullish view on Nvidia's growth trajectory and stock appreciation potential. The stock has had a phenomenal run over the last few years,

NVIDIA's stock is fluctuating around $140 per share this week, with analysts closely monitoring the 50-day moving average for potential trends. Beyond stock charts, NVIDIA is gaining attention at CES 2025,