NVIDIA Corporation (NVDA) continues to capture investor attention, bolstered by BofA Global Research's reaffirmation of its "Buy" rating and a price target of $190. As the CES tradeshow unfolds, NVIDIA's strategic focus on AI expansion through robotics, gaming, and data center advancements is under the spotlight. Anticipated updates on NVIDIA's robotics strategy, the launch of RTX 50xx gaming cards, and AI PC and data center technologies are expected to reinforce its market position. The company's projected over 50% y/y sales growth in CY25 and its attractive valuation metrics further enhance its appeal, despite broader market concerns.
The AXS 1.25X NVDA Bear Daily ETF (NVDS) experienced a decline, dropping 2.59% to $22.93 as of 5:40 AM on Wednesday, January 8.