New York, January 5, 2026, 4:09 PM EST — After-hours
- NVIDIA shares fell 0.6% to $187.75 in Monday’s session, with investors focused on CEO Jensen Huang’s CES keynote.
- Foxconn, NVIDIA’s biggest server maker, reported record fourth-quarter revenue on AI demand.
- Next catalyst: NVIDIA’s fourth-quarter fiscal 2026 results on Feb. 25.
NVIDIA Corporation shares ended lower on Monday as investors turned to Chief Executive Jensen Huang’s CES keynote for fresh signals on the chipmaker’s product roadmap and demand outlook. The stock closed down 0.6% at $187.75, with after-hours trading under way after the 4 p.m. EST close.
The moment matters because CES is the first major technology showcase of the year, and NVIDIA sits at the center of AI infrastructure spending. Traders have treated management commentary as a high-frequency readout on whether demand for the company’s newest chips is keeping pace with big-ticket data center buildouts.
It also comes as competition tightens. Rivals are pushing new processors, while major customers are investing in their own in-house silicon to reduce dependence on any single supplier, raising the bar for NVIDIA to keep extending performance gains and justify premium valuations.
Huang was due to take the stage on Monday at the Consumer Electronics Show in Las Vegas, where Reuters said he could offer new details on product plans as competitive pressure rises from both rivals and customers. Reuters also reported NVIDIA is keen to show its latest products can outperform older chips such as the H200, even as debate continues in Washington over chip flows to China. Reuters
A separate demand signal came from Taiwan’s Foxconn, which reported record fourth-quarter revenue on strong demand for artificial intelligence products. Foxconn, described by Reuters as NVIDIA’s biggest server maker, said quarterly revenue jumped 22.07% from a year earlier to T$2.6028 trillion and flagged continued robust demand for AI server rack products into the first quarter. Reuters
CES also brings a crowded competitive lineup. Intel is expected to launch its “Panther Lake” laptop chip using its 18A process, a debut investors are watching because it is meant to be Intel’s first high-volume product on that manufacturing technology, Reuters reported. Intel has struggled with “yield” — the share of usable chips per wafer — a key metric for whether new chip processes can scale profitably. Reuters
Beyond the product cycle, investors are also weighing a macro risk that can hit long-duration growth stocks: inflation and the interest-rate path. “The costs are going up not down in our forecast, because there’s inflation in chip costs and inflation in power costs,” Morgan Stanley strategist Andrew Sheets said, as investors debated whether AI-related spending could add to price pressures. Reuters
But the setup cuts both ways for NVDA. If Huang’s remarks fail to deliver concrete road-map milestones, or if management tone suggests customers are slowing AI infrastructure orders, momentum could fade quickly; tighter export rules or a sharper shift toward in-house chips by large buyers would amplify that downside.
In the near term, traders will watch for market reaction to any CES headlines and whether broader data shifts rate expectations again. Reuters said attention is also on Friday’s U.S. nonfarm payrolls report, a release that can move bond yields and, in turn, pressure or support megacap tech valuations. Reuters
The next scheduled company catalyst is NVIDIA’s fourth-quarter fiscal 2026 financial results on Feb. 25, according to its investor relations calendar. Investors will measure results against the company’s prior outlook for fourth-quarter revenue of about $65.0 billion, plus or minus 2%, and listen for updates on supply, margins and the pace of AI data center spending into 2026. NVIDIA Investor Relations
