What Analysts Think of Nvidia Stock Ahead of CEO Jensen Huang’s CES Keynote | Global News Avenue

NVIDIA (NVDA) Chief Executive Officer (CEO) Huang will deliver the opening keynote on Monday at a major consumer electronics show, an event that many analysts are viewing as Potential growth catalysts For chip manufacturing giants.

All but one of the 21 analysts tracked by Visible Alpha maintain a Buy or equivalent rating, with analysts at Morgan Stanley, Bank of America and Bernstein most recently rating it a “Buy” or equivalent rating. Buy” or equivalent rating. “First choice.” The consensus price target is about $177, which represents a premium of about 28% to the chipmaker’s Thursday intraday levels.

When Jen-Hsun Huang delivers his keynote on Monday, the focus will be on Nvidia’s Blackwell GPUused to power generative artificial intelligence (AI) processes, such as Large Language Model (LLM).

Citi analysts point to strong demand for Blackwell

Citi analysts said in late November that they expected Nvidia to raise its sales forecast for Blackwell as the company works to meet the requirements Huang said “Crazy” demand. At NVIDIA Earnings Conference Call In November, Huang said Nvidia expected to deliver More Blackwell platforms in the current The quarter was higher than previously forecast.

Citi also expects Huang to discuss changes in demand Artificial Intelligence (AI) Robotics “around warehouse, manufacturing and humanoid artificial intelligence robots.” The company can also discuss RubinIt is the successor to the Blackwell chip, which Huang launched in June and said it would be released in 2026.

Ahead of CES, Nvidia stock is on track to perform well in 2024. correct Last month, as big tech customers including Microsoft (Microsoft Corporation), meta platform (Mehta) and the alphabet’s (Google) Google – Enhanced their AI data centers and cloud computing infrastructure. Nvidia’s stock price grew significantly last year after rising 240% in 2023.