Nvidia stock rallies after CEO Jensen Huang unveils new AI superchip, robotics technology at CES

Published On Jan 7, 2025, 8:37 AM

Nvidia's stock has risen sharply after CEO Jensen Huang's presentation at the CES trade show, where he revealed the company's latest AI superchip, the GB10, alongside new robotics technologies. This update is part of Nvidia's ongoing advancements in artificial intelligence and robotics, which Huang believes could lead to multi-trillion-dollar markets. Analysts remain optimistic, reiterating their buy ratings and predicting significant price growth for Nvidia stock over the coming year.

Stock Forecasts

NVDA

Positive

Nvidia continues to lead in AI and robotics technologies with promising new products that should drive demand and revenue growth.

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The announcement was part of Mr Huang's address at CES, an annual technology show in Las Vegas.