Nvidia stock closes at new record ahead of CEO Jensen Huang's CES keynote
Published On Jan 6, 2025, 4:09 PM
Nvidia's stock reached a new record closing price of $149.43, following an impressive 3% increase as anticipation builds around CEO Jensen Huang's keynote at the CES. Analysts are excited about upcoming product announcements, particularly the new Blackwell AI chips, which could open up significant market opportunities worth billions. Despite concerns over past production issues, the company is expected to provide positive updates during Huang's address. The event is seen as a crucial moment that can re-establish Nvidia's dominance in the tech sector, particularly concerning AI and chip manufacturing.
Stock Forecasts
NVDA
Positive
The upcoming CES keynote by CEO Jensen Huang is likely to affirm Nvidia's market leadership and unveil important product developments, especially related to AI chips. Analysts predict that strong announcements could further boost Nvidia's already high stock price and provide reassurance about production and demand.
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