Nvidia stock (NVDA) hit a new record high on Jan. 7 of $153.13 during intraday trading but eventually closed down over 6.2% as CEO Jensen Huang outlined the company’s artificial intelligence (AI) endeavors in his keynote speech at CES 2025.

Journalist and hedge fund manager Doug Kass has revealed 15 big surprises that he is predicting for 2025 and one of them is related to AI and Nvidia. He believes that the government won’t be able to keep up with the electricity demand of data centers, leading to strict taxation.