According to Citi, this is the next catalyst that could increase Nvidia's stock price by 27% by January. Matthew Fox November 28, 2024 (Thursday) at 8:16 AM GMT+9
City analysts have put Nvidia on 'positive catalyst watch' for the next 90 days.
With CEO Jensen Huang preparing to give the opening keynote address at CES 2025, Nvidia's stock price could potentially rise by 27%.
Nvidia's gpu chip is at the core of AI workloads and increasingly humanoid robotics.
In a recent note, City analysts have put Nvidia on 'positive catalyst watch' for the next 90 days.
The company stated that with founder and CEO Jensen Huang preparing for the keynote address at CES 2025, the stock prices of leading chipmakers could surge by 27% to a target price of $175 in early 2025.
The Consumer Electronics Show will be held from January 7th to January 10th, and Huang is scheduled to give the opening keynote address on January 6th at 6:30 PM.
According to citi, following this address, a Q&A session for financial analysts will be held on January 7th.
Analyst Atif Malik of citi stated, "We will... hold a positive catalyst watch for CES in January, with Blackwell's sales estimates rising, and management will discuss the fluctuations in demand for inference-driven enterprise and robotics industries."
According to Mr. Malik, at the NCES event, Nvidia may further increase sales expectations for Blackwell products as they increase production of next-generation ai chips.
Furthermore, Malik expects Nvidia's management to tell analysts that profit margins are likely to bottom out in the April quarter and then rise, and they look forward to discussing "inference-driven inflection" for AI robots in warehouses, manufacturing, and even humanoid robot use cases.
Companies like Tesla, Figure.AI, Boston Dynamics, etc., have been competing in the development of humanoid robots in recent years, with Nvidia's gpu chips playing a central role in these devices.
At Nvidia's annual GTC conference in March 2024, Huang welcomed nine different humanoid robots partially powered by Nvidia chips to the stage.
Citi rates Nvidia's stock as a "buy," and after last week's third-quarter earnings announcement, they raised the target price from $170 to $175.
Amidst the excitement over the company's AI chip, Nvidia's stock price has surged 176% year-to-date.
With CEO Jensen Huang preparing to give the opening keynote address at CES 2025, Nvidia's stock price could potentially rise by 27%.
Nvidia's gpu chip is at the core of AI workloads and increasingly humanoid robotics.
In a recent note, City analysts have put Nvidia on 'positive catalyst watch' for the next 90 days.
The company stated that with founder and CEO Jensen Huang preparing for the keynote address at CES 2025, the stock prices of leading chipmakers could surge by 27% to a target price of $175 in early 2025.
The Consumer Electronics Show will be held from January 7th to January 10th, and Huang is scheduled to give the opening keynote address on January 6th at 6:30 PM.
According to citi, following this address, a Q&A session for financial analysts will be held on January 7th.
Analyst Atif Malik of citi stated, "We will... hold a positive catalyst watch for CES in January, with Blackwell's sales estimates rising, and management will discuss the fluctuations in demand for inference-driven enterprise and robotics industries."
According to Mr. Malik, at the NCES event, Nvidia may further increase sales expectations for Blackwell products as they increase production of next-generation ai chips.
Furthermore, Malik expects Nvidia's management to tell analysts that profit margins are likely to bottom out in the April quarter and then rise, and they look forward to discussing "inference-driven inflection" for AI robots in warehouses, manufacturing, and even humanoid robot use cases.
Companies like Tesla, Figure.AI, Boston Dynamics, etc., have been competing in the development of humanoid robots in recent years, with Nvidia's gpu chips playing a central role in these devices.
At Nvidia's annual GTC conference in March 2024, Huang welcomed nine different humanoid robots partially powered by Nvidia chips to the stage.
Citi rates Nvidia's stock as a "buy," and after last week's third-quarter earnings announcement, they raised the target price from $170 to $175.
Amidst the excitement over the company's AI chip, Nvidia's stock price has surged 176% year-to-date.
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