When the Computer Electronics Show 2025 (CES) ended last week, it normally signaled the end of the seasonal strength in technology stocks.
Nvidia (NVDA) traded to an all-time high of $153.13 only to fall back to its support price. Fundamentals only improved, as stock markets expected. Since it priced in the good news, NVDA stock needed to fall on profit-taking. The firm’s gaming GPU, the RTX 50 series, continues to widen its lead over the distant second-place firm, Advanced Micro Devices (AMD).
Over the next several years, Intel (INTC) might carve a niche in PC gaming. It could take market share in the budget to mainstream market.
AMD closed at $116.04 on December 10, 1.58% above its 52-week low. The stock must rebound back above $135 this week. Otherwise, it risks further selling pressure.
Last week, Quantum Computing (QUBT) fell. The stock may have trouble sustaining support at its 50-day simple moving average below $9.00. Rigetti Computing (RGTI) and Quantum only rallied because of Alphabet’s (GOOG) achievements in quantum computing chips. However, AI servers need powerful GPUs. Demand for Nvidia Blackwell GPU chips will keep rising this year.
Expect the short-lived bubble for quantum computing to continue to deflate. The AI sector has bubbles in firms like BigBear.ai (BBAI) or Soundhound AI (SOUN). Yet Nvidia still has room to run higher.
