Nvidia stock rises ahead of CEO Jensen Huang's CES keynote
Published On Jan 6, 2025, 9:32 AM
Nvidia's stock rose nearly 3% ahead of CEO Jensen Huang's keynote at CES, where he's expected to unveil new AI chip products, particularly the Blackwell lineup. Analysts anticipate that these chips could create a significant demand cycle, with some estimates suggesting a total market opportunity of $100 billion. Additionally, there are rumors that Nvidia may announce a new central processing unit (CPU), which could add another market opportunity of $35 billion.
Stock Forecasts
NVDA
Positive
With the anticipated announcements of new AI chips that could significantly impact demand, Nvidia's stock is likely to continue its positive trend. The overall sentiment is bolstered by buzz around the CES presentation, fueling investor interest and potential market performance.
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