What Nvidia CEO’s Latest AI Technology Unveiling Means for Investors | Global News Avenue

NVIDIA (NVDA) CEO Jensen Huang kicks off this year’s consumer electronics trade show with a slew of products Artificial Intelligence (AI) The announcement was made in a blockbuster speech on Monday by analysts who called the chipmaker’s stock a “top pick” for its artificial intelligence leadership.

Shortly after the opening, the stock price hit an all-time high of $153.13 and subsequently Market fell. The stock fell 5.3% to $141.50 in recent trading after Monday’s close at record high before the event.

“I think there’s a lot for people to be excited about here,” Bernstein analyst Stacy Rasgon said in an interview. “I think today’s price action is consistent with what Jensen said or didn’t say yesterday. Nothing matters much.” CNBC Tuesday morning. Rasgon cited broader issues affecting the market and said there could be some profit-taking after shares hit new highs.

Nvidia unveils new chips and models for AI PCs, self-driving car partnerships, and more

At Monday’s event, Nvidia unveiled its new GeForce RTX 50 series of chips for AI PCs, which run on the Nvidia Blackwell architecture, among a slew of other announcements.

The GeForce RTX 50 series includes the RTX 5070, RTX 5070 Ti, RTX 5080, and RTX 5090, with prices ranging from about $550 to $2,000. Some desktop models equipped with the chip are expected to launch later this month, and laptops are expected to launch later this month. Will be launched in March.

Nvidia also launched AI base models for its RTX AI PC and launched its Cosmos platform designed to support robotics, self-driving cars and vision AI processing pipelines.

Huang called Cosmos a “game changer for robotics and industrial artificial intelligence” and said he expected ” Chat GPT The moment for universal robotics is coming” and pays homage to ride-sharing giant Uber (Uber) and Chinese electric car maker Xpeng Motors (electric car) as an early adopter of Cosmos.

“The self-driving car revolution has arrived,” Huang said. Emphasis on partnership With Toyota (TM) and Aurora Innovation (gold) The same goes for autonomous driving.

Analysts say Nvidia is ‘top pick’ for its ‘AI dominance’

In a note to clients after the event, Bank of America analysts called Nvidia a “top pick,” citing its “sustained AI dominance” and growing presence across different enterprise and consumer segments.

Analysts maintained a “buy” rating and $190 price target, which represents a premium of about 35% to the stock’s intraday price, with the stock nearly tripling in value in 2024.

They’re not the only ones bullish on Nvidia’s trajectory. As of Tuesday, all but one of the 21 analysts tracked by Visible Alpha maintained a Buy or equivalent rating, with a consensus price target of $177, implying an upside of 25%.

“It felt more like a rock concert atmosphere than a speech from a tech CEO,” Wedbush analysts wrote of Monday’s event, saying the market for robotics and autonomous technology is likely to grow for Nvidia in the coming years. Another $1 trillion opportunity.

They expect Nvidia’s market capitalization to exceed $4 trillion, and possibly even $5 trillion within the next year and a half – a level that no company has yet reached. The company’s current market capitalization is approximately $3.5 trillion.