The stock had risen to a new all-time high of $149.43 a share on Monday ahead of the chief executive’s address at CES 2025 in Las Vegas.

LAS VEGAS — In a packed Las Vegas arena, Nvidia founder Jensen Huang stood on stage and marveled over the crisp real-time computer graphics displayed on the screen behind him. He watched as a dark-haired woman walked through ornate gilded double doors and took in the rays of light that poured in through stained glass windows.