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Ken Griffin of Citadel sold 5.1 million shares of Palantir, reducing his stake by 91%. Meanwhile, he bought 4.7 million shares of Nvidia, increasing his stake by 194%. Nvidia is the second largest position in Citadel's portfolio, excluding options contracts and index funds.

Nvidia CEO Jensen Huang will deliver the opening keynote at CES 2025 on January 6, followed by a Q&A event for financial analysts on January 7.

If Nvidia significantly exceeds conservative growth targets with help from Blackwell, the stock could rise despite slowing revenue growth, and the absence of a killer app for generative AI.

The guidance was the icing on the cake, as Nvidia expects fiscal Q4 revenue to land at $37.5 billion at the midpoint. That was slightly higher than the $37 billion Wall Street estimate. However, the stock slipped in premarket trading for a couple of reasons.

On Nov. 20, Nvidia reported financial results for its fiscal 2025 third quarter, showing stunning 94% year-over-year revenue growth. The business is absolutely booming, and so is the stock price. As of this writing,

Wall Street’s AI darling, fell on Monday following reports that a senior executive had met with Chinese officials. The stock slip comes amid Nvidia’s stellar performance last week, which exceeded expectations.

Nvidia stock has been on a disappointing run since its earnings last week but the good vibes looked set to return in a holiday-shortened session Friday.

The chipmaker has already been a huge winner, but investors may be overlooking a crucial detail that's hiding in plain sight.