Nvidia Stock Soars on CEO’s Ambitious AI Vision
A New Era in Artificial Intelligence
Nvidia’s stock surged as much as 2.5% on Tuesday, following CEO Jensen Huang’s keynote address at the Consumer Electronics Show (CES) in Las Vegas. The company’s shares are now poised to extend their gains, building on a record close of $149.43 on Monday.
Unleashing the Power of AI
Huang’s presentation offered a glimpse into Nvidia’s vision for the future of artificial intelligence. The company unveiled a range of innovative products, including a new, compact AI superchip called GB10, which will be used in its client supercomputer. This powerful device, priced at $3,000, is set to revolutionize the field of AI research and development.
Project DIGITS: A Game-Changer for Developers
Nvidia’s Project DIGITS, announced on Monday, is a comprehensive platform designed to support developers, researchers, and students. The project includes the GB10-powered client supercomputer, which is small enough to fit on a standard desk. This cutting-edge technology will be available in May, marking a significant milestone in the development of AI capabilities.
Wall Street Analysts Weigh In
Following Huang’s keynote, analysts at Stifel, Wedbush, and Truist Securities reiterated their Buy ratings on Nvidia’s stock. On average, Wall Street analysts expect the company’s shares to rise to $172.80 over the next 12 months.
Robotics and Autonomous Technology: A $1 Trillion Market
Nvidia also showcased its Cosmos platform, featuring AI models for developing humanoid robots and autonomous vehicles. According to Wedbush analyst Dan Ives, this market represents a potential $1 trillion opportunity for the company. Huang estimates that autonomous driving technologies alone could become a multi-trillion-dollar industry.
Gaming and AI Innovation
In addition to its robotics strategy, Nvidia unveiled new Blackwell-generation gaming GPUs and applications for developers to create custom AI agents. The company is expected to debut a successor to its Blackwell generation AI chips during its GTC conference in March.
Positioning for Growth
Truist Securities analyst William Stein noted that Nvidia is positioning itself for growth across various markets, including datacenter, client compute, autonomous vehicles, and robotics. This strategic approach is expected to drive revenue growth and support the company’s Buy rating.
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