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Chip Stocks Surge Ahead Of CES 2025
Nvidia's all-time closing highs, FuboTV's tie-up with Disney, and other noteworthy pops and drops.
NEWS
Chip Stocks Surge Ahead Of CES 2025
Source: Tenor.com
The major U.S. indices traded sideways after a morning gap on reports that Trump tariffs may not be as extreme as feared. Instead, they’ll likely emphasize "critical imports,” causing Chinese stocks to post their third straight down day and European stocks to jump. Meanwhile, natural gas’s rise continued as a polar vortex slammed into Kansas, Arkansas, Kentucky, and Virginia, driving energy prices higher. 👀
Today's issue covers Nvidia's all-time highs ahead of CES, FuboTV's finding a suitor in Disney, and other noteworthy pops and drops. 📰
Here’s the S&P 500 heatmap. 5 of 11 sectors closed green, with technology (+1.27%) leading and real estate (-1.41%) lagging.
Source: Finviz.com
And here are the closing prices:
S&P 500 | 5,975 | +0.55% |
Nasdaq | 19,865 | +1.24% |
Russell 2000 | 2,267 | -0.08% |
Dow Jones | 42,707 | -0.06% |
Most bullish/bearish symbols on Stocktwits at the close: 📈 $NARI, $SGMT, $FUBO, $RENB, $UBX 📉 $ALLY, $DIDIY, $TGT, $STZ, $SHFS*
*If you’re a business and want to access this data via our API, email us.
COMPANY NEWS
Nvidia Makes All-Time Highs Ahead Of CES 🤖
Chip stocks have bounced back recently, with Nvidia leading the charge as it looks to pass Apple again as the largest stock in the market. 🏇
Today’s big news item was Foxconn reporting record revenue of $63.9 billion during the fourth quarter of 2024. Its 15% YoY growth was better than anticipated, driven by cloud and networking product growth, a segment that includes AI servers. 📈
Bullish performance and outlook from a key supplier to the semiconductor industry helped boost chip stock performance. Along with Nvidia, the world’s largest chipmaker, TSMC, hit a new record high.
Nvidia shares closed today at a new all-time high, with investors looking for further upside ahead of CEO Jensen Huang’s keynote speech at the 2025 Consumer Electronics Show (CES) tonight in Las Vegas. 👀
Source: TradingView.com
Ahead of the event, 36% of Stocktwits users expect Blackwell GPUs for data centers to be the most impactful announcement, while 28% of voters expect “surprise announcements” to drive the stock’s performance. Overall Stocktwits sentiment remains ‘bullish’ as investors anxiously await critical updates. 🐂
Source: Stocktwits.com
We’ll be live-streaming the event tonight at 9:30 pm ET on the Nvidia Stocktwits page, so make sure to join us to discuss the latest developments in real-time! 🚨
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