Nvidia Stock Hits Record High Ahead of CEO Jensen Huang’s CES Keynote
Nvidia (NVDA) stock reached a new all-time high on Monday, closing at $149.43, ahead of CEO Jensen Huang’s keynote address at the annual Consumer Electronics Show (CES) in Las Vegas. This marks a 3% increase, surpassing the previous record closing price of $148.88 set on November 7, 2024.
As industry leaders and analysts gather in Las Vegas to meet with top tech executives, Nvidia is in the spotlight. Known for making significant product announcements at CES, the AI chipmaker is expected to unveil innovations that could shape the future of artificial intelligence and gaming.
Keynote Expectations and Market Anticipation
Huang’s keynote, scheduled for 6:20 p.m. PST on Monday, will be livestreamed on platforms like Facebook, YouTube, and LinkedIn. Analysts and investors are eagerly awaiting insights into the rollout of Nvidia’s latest Blackwell AI chips, which are expected to drive substantial demand despite concerns about a potential slowdown in AI-related spending.
Blackwell AI Chips: A $100 Billion Opportunity
After delays caused by a design flaw and rumors of overheating issues in servers using the Blackwell chips, Nvidia confirmed during its November earnings call that production is ramping up this quarter. The company plans to ship the chips to customers earlier than anticipated. Analysts, including Ruben Roy from Stifel, project that the Blackwell lineup represents a $100 billion market opportunity for Nvidia.
Momentum in Nvidia Stock
Monday’s stock surge builds on Nvidia’s strong performance last week when it led a recovery among the "Magnificent Seven" tech stocks following a lackluster close to 2024. With CES providing a platform for groundbreaking announcements and the AI market continuing to expand, Nvidia’s trajectory remains a focal point for investors and the tech industry alike.
Nvidia (NVDA) stock reached a new all-time high on Monday, closing at $149.43, ahead of CEO Jensen Huang’s keynote address at the annual Consumer Electronics Show (CES) in Las Vegas. This marks a 3% increase, surpassing the previous record closing price of $148.88 set on November 7, 2024.
As industry leaders and analysts gather in Las Vegas to meet with top tech executives, Nvidia is in the spotlight. Known for making significant product announcements at CES, the AI chipmaker is expected to unveil innovations that could shape the future of artificial intelligence and gaming.
Keynote Expectations and Market Anticipation
Huang’s keynote, scheduled for 6:20 p.m. PST on Monday, will be livestreamed on platforms like Facebook, YouTube, and LinkedIn. Analysts and investors are eagerly awaiting insights into the rollout of Nvidia’s latest Blackwell AI chips, which are expected to drive substantial demand despite concerns about a potential slowdown in AI-related spending.
Blackwell AI Chips: A $100 Billion Opportunity
After delays caused by a design flaw and rumors of overheating issues in servers using the Blackwell chips, Nvidia confirmed during its November earnings call that production is ramping up this quarter. The company plans to ship the chips to customers earlier than anticipated. Analysts, including Ruben Roy from Stifel, project that the Blackwell lineup represents a $100 billion market opportunity for Nvidia.
Momentum in Nvidia Stock
Monday’s stock surge builds on Nvidia’s strong performance last week when it led a recovery among the "Magnificent Seven" tech stocks following a lackluster close to 2024. With CES providing a platform for groundbreaking announcements and the AI market continuing to expand, Nvidia’s trajectory remains a focal point for investors and the tech industry alike.