NVIDIA Corporation's strategic focus on expanding its AI opportunities through robotics, gaming, and data center advancements has garnered positive attention from BofA Global Research, which maintains a "Buy" rating and a price objective of $190. As the CES tradeshow unfolds, investors are keenly anticipating updates on NVIDIA's robotics strategy, the launch of RTX 50xx gaming cards, and advancements in AI PC and data center technologies. The company's potential to maintain its AI dominance is underscored by expectations of over 50% y/y sales growth in CY25, positioning it as a standout performer in the S&P 500. This optimism is reflected in NVIDIA's current trading price of $142.56, up 1.73% from the previous close.
The ETF Opportunities Trust T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ) experienced a decline, dropping 3.36% to $2.88 at 5:40 AM on Wednesday, January 8.