Citi analysts expect to put NVIDIA on “positive catalyst watch” for the next 90 days. NVIDIA stock could rise as much as 27% as CEO Jensen Huang prepares for his opening keynote speech at CES 2025. NVIDIA’s GPU chips are at the heart of AI workloads, and increasingly. , Humanoid Robotics.
Citi analysts said in a recent note that they are placing Nvidia on “positive catalyst watch” for the next 90 days.
The semiconductor giant’s stock price is expected to rise to 175% towards early 2025 as founder and CEO Jensen Huang prepares for a big keynote speech at CES 2025. It said the stock could rise as much as 27% to its dollar price target.
The Consumer Electronics Show will be held from January 7th to January 10th, and Hwang is scheduled to give the opening keynote speech on January 6th at 6:30 p.m.
The talk will be followed by a question-and-answer session for financial analysts on January 7, Citi said.
Atif Malik, an analyst at Citi, said: “We… begin a positive catalyst watch heading into January’s CES. Blackwell’s revenue forecasts rise further, and management expects to see an increase in inference-driven companies and robotics industries. “We’re talking about a shift in demand.”
Malik said the CES event will likely further boost sales forecasts for Blackwell products as NVIDIA ramps up production of next-generation AI chips.
Additionally, Malik said NVIDIA management told analysts that margins are likely to bottom during the April quarter and rise further from there, with growth in warehousing, manufacturing, and even the use of AI robotics. I hope that you will also talk about “inference-driven change” in cases. humanoid robot.
Companies like Tesla, Figure.AI, and Boston Dynamics have been racing to develop humanoid robots in recent years, and Nvidia’s GPU chips are at the heart of those devices.
At Nvidia’s annual GTC conference in March 2024, Huang welcomed to the stage nine different humanoid robots partially powered by Nvidia chips.
Citi rates Nvidia stock a “buy” and raised its price target from $170 to $175 after the company announced its third-quarter results last week.
Nvidia stock has risen 176% since the beginning of the year amid enthusiasm for the company’s AI-enabled GPU chips.
