Nvidia (NVDA) stock soared by 4.7% on Monday, surpassing $151 per share as anticipation builds for CEO Jensen Huang’s keynote at the 2025 Consumer Electronics Show (CES) in Las Vegas.
This surge puts the chipmaker on track for a potential record close, nearing its previous high of $148.88 from November 2024.
Wall Street analysts, tech industry executives, and investors eagerly await Huang’s insights, which could offer a glimpse into Nvidia’s future in the rapidly evolving AI and semiconductor markets.
With CES being a prime event for major product unveilings, Nvidia’s reputation for launching groundbreaking technology continues to excite market participants.
Last year, the company introduced new desktop graphics chips for gaming and AI, and this time, Huang’s presentation is expected to shed light on the company’s AI advancements, particularly the highly anticipated Blackwell AI chips.
These chips are set to become a driving force for Nvidia, despite concerns about a potential slowdown in AI spending.
The Blackwell chips, which had faced delays due to a design flaw and rumors of overheating in server systems, are now expected to hit the market sooner than anticipated, further boosting investor confidence.
Analysts like Ruben Roy from Stifel estimate that the Blackwell chips could open up a $100 billion market opportunity for Nvidia.
In addition to Blackwell, analysts expect Nvidia to make more significant announcements at CES.
Truist Securities’ William Stein speculates that Nvidia may reveal a standalone central processing unit (CPU), which could unlock a potential $35 billion market.
Meanwhile, Bank of America’s Vivek Arya believes CES could catalyze Nvidia, reinforcing its dominance in AI and robotics and offering updates on Blackwell shipments and a potential AI PC partnership.
As investors look for cues from Huang’s speech and the company’s CES announcements, Nvidia’s stock momentum signals a promising start to 2025, with the company positioned at the forefront of AI and semiconductor innovation.
Meanwhile, global semiconductor stocks surged on Monday following Foxconn’s announcement of a record-breaking fourth-quarter revenue, reinforcing the idea that the artificial intelligence boom still has significant growth potential.
Hon Hai Precision Industry, operating internationally as Foxconn, revealed in a statement on Sunday that its fourth-quarter revenue reached 2.1 trillion New Taiwan dollars ($63.9 billion), marking a 15% year-over-year increase.
This strong performance underscores the continued momentum in the semiconductor sector, driven in part by rising demand for AI technologies.
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