Nvidia Corp. saw its stock peak at an all-time high on Monday, closing at $149.43, ahead of CEO Jensen Huang’s keynote at CES in Las Vegas. This rise surpasses its previous record of $148.88 set in November 2024, reflecting renewed investor confidence.
The CES stage often serves as a launchpad for Nvidia’s key products, with past unveilings featuring advanced gaming and artificial intelligence graphics chips. Huang’s speech is anticipated to provide insights into Nvidia’s strategic direction in the AI domain, an area poised for substantial growth.
Scheduled for 6:20 p.m. PST, Huang’s presentation will be broadcast live across platforms like Facebook and YouTube. Market watchers are particularly keen on updates regarding Nvidia’s Blackwell series of AI chips. These chips had suffered from delays due to manufacturing issues and speculation about overheating in servers. However, Nvidia has reassured stakeholders of an accelerated rollout, as production gears up this quarter and shipments proceed faster than initially predicted.
Despite some concerns over potential curbed spending in AI, analysts like Stifel’s Ruben Roy view these chips as heralding a lucrative new market worth potentially $100 billion for Nvidia, which underlies investor enthusiasm. Nvidia’s stock surge this week also echoes its leadership in reviving tech’s “Magnificent Seven,” after a challenging close to the previous year.
