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Shares of Nvidia (NVDA, Financial) rose 5% on Monday after BofA Securities reaffirmed a "Buy" rating and raised its price target to $190. That's also as the Consumer Electronics Show (CES) 2025 begins with the semiconductor and AI industries looking to Nvidia as a central point for future innovation and growth.
Nvidia is dominant in emerging markets and is financially strong, BofA's analyst notes, with a Piotroski Score of 9 and 152% YoY revenue growth. Nvidia has a market cap of $3.65 trillion that hasn't escaped Wall Street's notice and consistently adds to its 1.31 analyst consensus rating.
CEO Jensen Huang will dole out an Nvidia keynote and spill the beans on groundbreaking technology advances at CES. Announcements that may take place cover safer environments through Jetson Thor platform advancements, physical AI innovations, RTX 50xx, which includes faster GDDR7 memory and better neural rendering, and Blackwell PC gaming cards.
The AI PC market could be the next battlefield, according to BofA, and Nvidia's there either through partnerships or even its own standalone CPU. Along with updates on the company's data centre offerings, such as upgrades to the Blackwell lineup and teasers for next-gen Rubin architectures, this also makes for highly anticipated content.
As we look forward to 2025, Nvidia is the leader in the AI and semiconductor industries with strong financials and a robust innovation pipe in hand.
This article first appeared on GuruFocus.