Live Nasdaq Composite: Markets Meander as Nvidia Challenges Tesla in AI Robotics

By Gerelyn Terzo Updated Jan 6, 11:54AM EST · Published Jan 6, 9:45AM EST

Quick Read

Nvidia CEO unveiled Alpamayo AI autonomous vehicle targeting Q1 2026 U.S. launch in Mercedes-Benz CLA.
Ford reported 6% sales growth in 2025. It was the automaker’s best performance of the decade.
Raymond James warned of potential memory chip supply shortfalls despite strong AI chip demand.

Live Updates

MCHP Soaring

Jan 6, 2026 at 11:55 AM EST

Microchip Technology (Nasdaq: MCHP) stock is soaring, up 10.9% on the day on a bullish Q3 sales outlook. Needham analysts reemphasized their “buy” rating on the stock and lifted their price target to $77 per share, reflecting approximately 4% upside potential from current levels.

Analyst Calls

Jan 6, 2026 at 10:28 AM EST

KeyBanc analysts have reemphasized their “overweight” rating on Nvidia stock with a price target of $275 per share attached on the heels of CEO Jensen Huang’s keynote address at CES. Also, BofA analysts reiterated NVDA stock as a “buy” rating, adding atop its list of AI picks.

Evercore ISI has reemphasized Tesla stock as “in line,” predicting volatility ahead for Elon Musk’s EV company.

Tech Talk

Jan 6, 2026 at 9:45 AM EST

Tech Talk

KraneShares said its AI and Technology ETF (AGIX) has boosted its direct exposure to Elon Musk’s xAI, according to reports, bolstering the fund’s ownership stake in the high-tech company and expanding its AI ecosystem.

Amazon (Nasdaq: AMZN | AMZN Price Prediction) revealed plans to push its Alexa+ into Samsung televisions, high-end vehicles, coffee makers and beyond in an integration bonanza this year.

The BTC price continues to hover below the key $100,000 threshold, but much of Wall Street remains bullish. Morgan Stanley has laid the groundwork for its own Bitcoin ETF, filing documents with U.S. regulators to get the wheels turning.

This article will be updated throughout the day, so check back often for more daily updates.

The markets are showing a lack of conviction this morning, with stocks posting slight gains. The Nasdaq Composite and S&P 500 are higher out of the gate while the Dow is essentially flat on the heels of its record performance. Tech leaders Apple (Nasdaq: AAPL) and Tesla (Nasdaq: TSLA) are both under pressure, keeping the Nasdaq Composite from further gains.

As the tech industry’s landmark CES show continues to unfold in Las Vegas, Nevada, Nvidia (Nasdaq: NVDA) CEO Jensen Huang assured the market that AI chip demand remains robust. However, Wall Street firm Raymond James signaled a warning on the possibility of memory chip supply shortfalls.

Automaker Ford Motor (NYSE: F) said it experienced a 6% jump in 2025 sales, reflecting its best performance of the decade.

Here’s a look at where things stand as of morning trading:

Dow Jones Industrial Average: 48,977.50 (flat)
Nasdaq Composite: 23,429.54 Up 33.72 (+0.16%)
S&P 500: 6,908.84 Up 6.79 (+0.10%)

Robotics Wars

Nvidia CEO Jensen Huang was a featured speaker at CES, and he didn’t disappoint. Hunag has unveiled Alpamayo, an AI-powered autonomous vehicle that he says is capable of thinking and reasoning in real time. Nvidia ambitiously plans to launch Alpamayo on U.S. roads in Q1 2026, with the Mercedes-Benz CLA set to be the first vehicle to feature the technology. The company is also eyeing the 2027 launch of a robotaxi joint venture with an anonymous partner.

Not to be outdone, Tesla (Nasdaq: TSLA) boss Elon Musk downplayed the competitive threat, suggesting that there’s still a long runway between self-driving systems that work in limited settings and ones that are meaningfully safer than human drivers. He also said legacy automakers are years away from integrating cameras and AI computers into vehicles at scale, arguing that any real competitive pressure on Tesla is likely five or six years out, at a minimum. Nevertheless, TSLA stock is losing nearly 3% today.

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About the Author Gerelyn Terzo →

Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby.