NVIDIA (NVDA) Stock Since January 1, 2026: Volatility Amid High Expectations. Since the beginning of 2026, NVIDIA (NVDA) stock has experienced a volatile trajectory, marked by a stable start followed by a significant correction. On December 31, 2025, the stock closed at approximately $186.50. On January 2, 2026, the first trading day of the year, it opened around $189.84 and closed at $188.85, showing a slight increase that reflected continued investor optimism regarding NVIDIA's leadership in artificial intelligence (AI). The first weeks of January were influenced by CES 2026, which took place from January 5 to 9 in Las Vegas. During his opening keynote address on January 5, CEO Jensen Huang presented advancements in the Rubin platform, new open models, and progress in autonomous driving. He announced that the next generation of chips was in full production, bolstering growth expectations. These announcements initially supported the stock price, which peaked around $191-$193 in early January. However, despite these positive catalysts, the stock failed to maintain its momentum. Investors appeared to adopt a cautious stance, fearing a temporary saturation of the AI market or geopolitical risks, such as export restrictions to China. By mid-January, a correction had taken hold: on January 16, the stock closed at $186.23; on January 20, it fell to $178.07 with a high volume of over 223 million shares; and then on January 21, it rebounded to $183.32. As of mid-morning on January 22, 2026, the share price was hovering around $183-$185, bringing the year-to-date performance down by approximately 3% to 5%, depending on the benchmark. This underperformance contrasts sharply with analysts' optimistic forecasts: the average twelve-month target price exceeds $250, and some even reach $300, implying an upside potential of over 40%. Recent notes, such as Wedbush raising its target price to $230, underscore the strength of NVIDIA's fundamentals. This volatility can be attributed to several factors. On the one hand, the market is digesting the record results of the previous fiscal year, in which NVIDIA dominated the AI GPU sector. On the other hand, doubts are emerging about the sustainability of the AI boom, with articles suggesting a possible end to the honeymoon for technology stocks. Risks such as potential tariffs and increased competition (AMD, Broadcom) are also weighing on the market. Despite this short-term turbulence, the consensus remains largely bullish for 2026. Analysts are betting on the insatiable demand for data centers, advances in generative AI, and new markets like autonomous vehicles. NVIDIA, valued at over $4.5 trillion, remains the undisputed leader, and many see the current correction as a buying opportunity. In conclusion, since January 1, 2026, NVIDIA's stock has corrected after an encouraging start, reflecting profit-taking in an overheated sector. But the solid fundamentals and innovations showcased at CES suggest a potentially strong rebound later in the year. Patient investors might see this as an attractive entry point. (512 words)