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As of 9:34 AM on Tuesday, January 7, 2025, NVIDIA Corporation (NVDA) shares are trading at $150.67, up by 0.83% from the previous close of $149.43. The stock has fluctuated between $151.70 and $153.13 today, maintaining a strong market performance.
With a market capitalization of $3.715 trillion, NVIDIA’s shares are gaining momentum after CEO Jensen Huang’s keynote at the CES trade show in Las Vegas on Monday.
During the keynote, Huang unveiled a series of exciting updates, including new gaming chips and technologies for humanoid robots and self-driving cars. The highlight of the presentation was the introduction of the GB10 AI superchip, a compact supercomputer designed for developers, researchers, and students. This new supercomputer is part of Nvidia’s Project DIGITS, and it will be available in May for $3,000, with potential for significant adoption in AI and other tech industries.
NVIDIA’s stock continued to climb after Huang’s presentation, following a record high close of $149.43 on Monday. Analysts from Stifel, Wedbush, and Truist Securities reaffirmed their Buy ratings, with an average 12-month price target of $172.80 for NVIDIA shares.
Disclaimer: The information provided is for informational purposes only and does not constitute financial advice.