Nvidia CEO Jensen Huang’s keynote at CES in Las Vegas received a warm reception from Wall Street, highlighting the launch of new gaming chips, the GeForce RTX 50 series, based on the Blackwell architecture. Huang also discussed the Nvidia Cosmos platform aimed at advancing physical AI applications, including autonomous vehicles and robotics. Following his announcements, Nvidia shares reached record highs, although they later experienced a slight decline.
Analysts responded positively, with Bank of America’s Vivek Arya reiterating his buy rating, emphasizing Nvidia’s dominance in AI compute. Wells Fargo’s Aaron Rakers praised Huang’s confirmation of the Blackwell chip entering “full production,” easing prior concerns about delays, and set a $185 price target, indicating over 23% potential upside. Goldman Sachs’ Toshiya Hari expressed optimism regarding advancements in physical AI, forecasting significant growth in Nvidia’s AI infrastructure, maintaining a buy rating with a $165 price target (10% upside).
Stifel’s Ruben Roy acknowledged the significance of Nvidia’s updates but noted they wouldn’t drastically alter financial models. He has a buy rating, recognizing the company’s strengthening competitive position amid potential multi-billion dollar opportunities tied to AI, robotics, and advanced computing applications in the near future.
