This page was generated automatically; to access the article at its original source, please visit the link below:
https://finance.yahoo.com/news/why-nvidia-stock-could-jump-120000478.html
and should you wish to have this article removed from our website, kindly reach out to us
Nvidia (NASDAQ: NVDA) Chief Executive Officer Jensen Huang has the privilege of delivering the opening keynote address at the 2025 Consumer Electronics Show (CES), set to take place from Monday, January 6 to Friday, January 10 in Las Vegas. Huang’s keynote is scheduled for Monday, January 6 at 9:30 p.m. ET and is expected to last around one hour.
It is appropriate that Huang is inaugurating the 2025 CES. This yearly event is marketed as “The Most Powerful Tech Event in the World,” and Huang heads what can be considered the most influential tech firm globally. Nvidia’s graphics processing units (GPUs) and associated technology lead the rapidly expanding artificial intelligence (AI) chip and tech sector. Additionally, Nvidia ranks as the second most valuable corporation in the world by market capitalization, closely following Apple, with its stock having surged 172% this year through Friday, December 20.
During the annual CES, numerous significant technology companies and start-ups introduce a diverse range of innovative tech products and reveal visionary concepts they aspire to eventually commercialize. The CES is exclusively a trade event, however, the Consumer Technology Association (CTA), which owns the CES, live streams a segment of the conference, making the streams accessible to the public free of charge.
What should Nvidia investors anticipate from CES 2025?
Nvidia, alongside its numerous partners, consistently launches or announces creative and at times revolutionary products and concepts at CES. Nevertheless, Nvidia frequently reserves some of its most thrilling product unveilings and announcements for its annual GTC (GPU Technology Conference) events.
I believe there’s a strong likelihood that Nvidia will unveil even more exhilarating news than usual at the 2025 CES. Huang kickstarting this year’s tech showcase implies that he will capture the attention of a vast audience, both in person and online. The 2024 CES attracted over 138,000 participants, with 40% coming from abroad, and featured more than 4,300 exhibitors, based on CTA data. It seems probable that Huang will aim to especially “impress” viewers.
Although Nvidia stock has had an outstanding performance this year — expanding 172% so far in 2024 — its entire increase was realized in the first half of the year. On Friday, December 20, Nvidia stock concluded at $134.70. This figure represents a decline from its all-time closing peak of $148.87, recorded on November 7, and is very close to its closing price on June 18, which was $135.56.
Nvidia stock received a favorable uplift from the 2024 CES — particularly, from the commencement of the event up to the first trading day after the event concluded. If a similar trend occurs in 2025, Nvidia stock might increase during the timeframe from January 6, when Huang inaugurates the event, through January 13, the first trading day following the CES’s conclusion. Of course, there are no certainties.
This page was generated automatically; to view the article at its original source, please follow the link below:
https://finance.yahoo.com/news/why-nvidia-stock-could-jump-120000478.html
and if you wish to have this article removed from our website, please contact us
