Connect with us

Hi, what are you looking for?

Alive Business PlanAlive Business Plan

Stock

Nvidia CEO set to take stage at CES just after shares hit record high

By Max A. Cherney and Stephen Nellis

(Reuters) – Nvidia (NASDAQ:NVDA) Chief Executive Jensen Huang is set to deliver the opening keynote speech at CES later on Monday and will likely unveil new videogame chips and detail efforts to parlay the company’s success in artificial intelligence into other markets outside of the data center.

Huang typically uses CES as a platform to announce new videogame chips and unveil a flurry of new plans to expand its AI business.

CES 2025, formerly known as the Consumer Electronics Show, runs Jan. 7-10 in Las Vegas and is used to debut products ranging from new automotive technology to quirky gadgets, as well as showing new ways to use artificial intelligence.

Nvidia’s stock closed at a record high of $149.43 on Monday, bringing its valuation to $3.66 trillion, making it the world’s second-most valuable listed company behind Apple (NASDAQ:AAPL).

Nvidia’s booming valuation has come from the rapid growth of its data center business, where firms such as OpenAI use its chips to develop AI technology. Analysts expect that part of Nvidia’s business to hit $113 billion in sales this fiscal year, according to LSEG data. That is more than double the $47.5 billion figure in fiscal 2024.

Nvidia still has a substantial consumer business selling graphics processing units to PC gamers, a business that analysts expect to reach $11.77 billion this year. Nvidia still leads the market in gaming chips, where it competes with Advanced Micro Devices (NASDAQ:AMD) and to a lesser extent Intel (NASDAQ:INTC).

Last year, Nvidia unveiled its Blackwell AI server architecture at its developer conference in March. Its new line of graphics processing units (GPUs) will likely be based on similar Blackwell technology. New videogame graphics chips typically boast improved performance and image quality.

Nvidia is also increasingly looking to translate its lead in data centers into the broader PC market by positioning its gaming chips as useful in corporate PCs and laptops for handling AI work such as chatbots and “agents” that can help carry out business tasks.

That puts the company in direct competition with firms such as Intel and Qualcomm (NASDAQ:QCOM), which are hoping that AI features will spark a new round of PC upgrades.

Huang is scheduled to take the stage at 9:30 p.m. ET.

This post appeared first on investing.com
Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    You May Also Like

    Latest News

    The Gateway Pundit, a far-right website, published a note from its editor on Saturday acknowledging that two election workers in Georgia did not engage...

    Latest News

    Sister Stephanie Schmidt had a hunch about what her fellow nuns would discuss over dinner at their Erie, Pennsylvania, monastery on Wednesday night. The...

    Investing

    JAKARTA (Reuters) -Indonesia has asked Alphabet (NASDAQ:GOOGL)’s Google and Apple (NASDAQ:AAPL) to block Chinese fast fashion e-commerce firm Temu in their application stores in...

    Latest News

    New majorities in Congress, particularly when the incoming party has a new leader, offer the rare chance for the institution to take a breath...



    Disclaimer: alivebusinessplan.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 alivebusinessplan.com