Nvidia’s (NVDA) CEO, Jensen Huang, delivered a keynote speech at the Consumer Electronics Show (CES) this year that captivated the audience and left investors wanting more. Huang envisioned a transformative era with a billion humanoid robots, 10 million automated factories, and 1.5 billion self-driving vehicles.
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NVDA Revealed Innovative AI Products at CES
Nvidia revealed some innovative AI products at the CES trade show. Gaming took center stage as the company introduced its GeForce RTX 50 series GPUs, powered by the same Blackwell architecture used in its AI chips. The flagship RTX 5090 is priced at $1,999, while the mid-range RTX 5070, set for release in February, is priced at $549. However, gaming, once Nvidia’s primary source of revenue, now plays a secondary role to its booming data center business, which is expected to surpass $100 billion this year, driven by AI demand.
NVDA Is Facing a Changing Geopolitical Landscape
Meanwhile, as the geopolitical landscape shifts rapidly, Nvidia finds itself navigating the challenges posed by evolving trade policies. Former President Trump has indicated plans to impose trade tariffs that could significantly impact companies like Nvidia, which depend heavily on overseas sales and outsourced manufacturing.
Jensen Huang addressed these concerns in an interview with Bloomberg Television and stated that the company was committed to engaging with policymakers. He commented, “We will give them as much insight as we can from our perspective. I am sure the administration will make the right moves.”
BofA Analyst Remains Bullish on NVDA
Following Jensen Huang’s keynote speech at the CES trade show, top-rated Bank of America analyst Vivek Arya remained bullish on NVDA and reiterated a Buy rating with a price target of $190 on the stock. The analyst added that NVDA remained his “top sector pick” and that he was impressed with the company’s products, which showcased the chip giant’s “continued dominance” in the field of generative AI.
The analyst’s price target implies an upside potential of 35.6% from current levels.
What Is the NVDA Stock Prediction?
Analysts remain bullish about NVDA stock, with a Strong Buy consensus rating based on 37 Buys and three Holds. Over the past year, NVDA has surged by more than 100%, and the average NVDA price target of $177.03 implies an upside potential of 26.3% from current levels.
