Nvidia stock has been one of the biggest winners of the artificial intelligence (AI) revolution in the past couple of years, clocking remarkable gains of nearly 800% over the past two years on account of the red-hot demand for its data center graphics cards, but the past three months have been difficult for the chipmaker.

Consumer Electronics Show (CES) 2025 revolved around AI. If not, it’s all that exhibitors could show. Talking about the highlight of the show, it was undoubtedly the keynote from Jensen Huang.

Shares of ServiceNow have gained more than 4,000% since the company went public, and the stock is now hovering near an all-time high.

Shares of AMD have cratered over the past year, making it a rare example of a chip stock that has fallen out of favor with investors.