- NVIDIA Corp. received a ‘Strong Buy’ rating from Raymond James with a $272 price target.
- The $272 target implies about a 42% upside from the $191 share price cited after the keynote.
- Jensen Huang’s CES keynote reinforced confidence in the company’s AI leadership despite no major new announcements.
- Strong December sales at Hon Hai Precision (Foxconn) and two-year supply planning reduce memory shortage risks.
- Vera Rubin chips were unveiled, claimed to be five times faster than Blackwell and cut inference costs by tenfold; the company also introduced the Alpamayo toolset.
Nvidia Corp. was rated ‘Strong Buy’ by Raymond James after CEO Jensen Huang’s keynote at the Consumer Electronics Show, with a $272 price target implying roughly 42% upside from a $191 share price, according to a report. The report said the presentation reinforced confidence in the company’s leadership in Artificial Intelligence, even though it contained no groundbreaking announcements. (See the full report here.)
< b>Raymond James noted Huang described demand as “really good” and highlighted strong December sales at Hon Hai Precision (Foxconn) as supportive of further upside. The firm also pointed to Nvidia’s two-year planning with supply-chain partners as a factor that has helped mitigate memory chip shortages. The report emphasized Nvidia’s investment in “Physical AI” systems as a long-term trend.
On the product side, Nvidia unveiled new AI chips called Vera Rubin, which the company said are five times faster than Blackwell, reduce inference costs by ten times, and improve storage and connectivity; availability is expected in the second half of the year. The company also launched Alpamayo, a set of AI tools and data aimed at accelerating development of self-driving vehicles. After the address, Huang said, “We are the only AI company in the world working with every AI company in the world.”
Analysts stayed positive: a separate report noted Bank of America reiterated a ‘Buy’ rating and praised Nvidia’s position across computing, networking, systems and ecosystem. Wedbush analyst Dan Ives described the presentations as confirming AI is a “once-in-40-years tech spending paradigm shift.”
Shares traded modestly higher in premarket action, and retail sentiment measures shifted toward bullishness while message volume rose. NVDA has gained more than 28% over the past 12 months. (See the analyst note here.)
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