Stock Closes in on All-Time High
Nvidia’s shares are approaching their previous record close of $148.88, achieved on November 7, 2024. The tech giant’s performance has been under scrutiny as Wall Street analysts gather at CES, eager to hear from leading companies like Nvidia, a pioneer in AI chipmaking.
Keynote Highlights
Huang’s keynote, scheduled for 6:20 p.m. PST on Monday, will be livestreamed across platforms like Facebook, YouTube, and LinkedIn. Nvidia typically uses CES as a platform to unveil groundbreaking technologies. Last year’s event saw the introduction of new AI-driven desktop graphics chips, and this year is expected to bring even more innovation.Blackwell AI Chips: A Game-Changer
Investors are particularly keen on updates regarding Nvidia’s Blackwell AI chips, a product line projected to drive unprecedented demand. Despite earlier setbacks, including a design flaw and rumors of overheating in servers, Nvidia confirmed during its November earnings call that Blackwell production is ramping up ahead of schedule. Analysts estimate the Blackwell lineup represents a $100 billion market opportunity.Stifel analyst Ruben Roy emphasized the potential of these chips, predicting they will drive significant growth in Nvidia's AI sector. The rollout comes at a time when fears of a slowdown in AI spending loom, making the success of Blackwell critical for Nvidia's momentum.Speculation on New Product Announcements
Truist Securities analyst William Stein speculated that Nvidia might announce a standalone CPU at CES. This central processing unit would diversify Nvidia’s portfolio beyond its Hopper and Blackwell GPUs, unlocking an additional $35 billion market opportunity.Further speculation includes updates on Nvidia’s robotics strategy and potential AI PC partnerships. Vivek Arya of Bank of America noted that Nvidia’s stock has plateaued over the past six months but believes CES will serve as a “positive catalyst” for renewed investor confidence.Nvidia Leads Tech Rebound
Nvidia’s stock gains on Monday extended last week’s recovery, positioning the company as a leader among the "Magnificent Seven" tech stocks following a challenging end to 2024.As CES unfolds, Nvidia’s advancements in AI, robotics, and PC technology are likely to solidify its dominance in the tech industry, paving the way for sustained growth.
Nvidia’s shares are approaching their previous record close of $148.88, achieved on November 7, 2024. The tech giant’s performance has been under scrutiny as Wall Street analysts gather at CES, eager to hear from leading companies like Nvidia, a pioneer in AI chipmaking.
Keynote HighlightsHuang’s keynote, scheduled for 6:20 p.m. PST on Monday, will be livestreamed across platforms like Facebook, YouTube, and LinkedIn. Nvidia typically uses CES as a platform to unveil groundbreaking technologies. Last year’s event saw the introduction of new AI-driven desktop graphics chips, and this year is expected to bring even more innovation.Blackwell AI Chips: A Game-Changer
Investors are particularly keen on updates regarding Nvidia’s Blackwell AI chips, a product line projected to drive unprecedented demand. Despite earlier setbacks, including a design flaw and rumors of overheating in servers, Nvidia confirmed during its November earnings call that Blackwell production is ramping up ahead of schedule. Analysts estimate the Blackwell lineup represents a $100 billion market opportunity.Stifel analyst Ruben Roy emphasized the potential of these chips, predicting they will drive significant growth in Nvidia's AI sector. The rollout comes at a time when fears of a slowdown in AI spending loom, making the success of Blackwell critical for Nvidia's momentum.Speculation on New Product Announcements
Truist Securities analyst William Stein speculated that Nvidia might announce a standalone CPU at CES. This central processing unit would diversify Nvidia’s portfolio beyond its Hopper and Blackwell GPUs, unlocking an additional $35 billion market opportunity.Further speculation includes updates on Nvidia’s robotics strategy and potential AI PC partnerships. Vivek Arya of Bank of America noted that Nvidia’s stock has plateaued over the past six months but believes CES will serve as a “positive catalyst” for renewed investor confidence.Nvidia Leads Tech Rebound
Nvidia’s stock gains on Monday extended last week’s recovery, positioning the company as a leader among the "Magnificent Seven" tech stocks following a challenging end to 2024.As CES unfolds, Nvidia’s advancements in AI, robotics, and PC technology are likely to solidify its dominance in the tech industry, paving the way for sustained growth.
