NVIDIA's recent announcements at CES 2025 have bolstered investor confidence, as the company continues to lead in AI technology across both hardware and software. The introduction of the RTX 50 Series GPUs and the Cosmos video language model has reinforced NVIDIA's position in the market, with the Blackwell accelerators now in full production. The automotive segment's projected growth, particularly with Toyota as a new customer, further underscores NVIDIA's strategic expansion into enterprise AI. These developments have contributed to a positive outlook for the company, as highlighted by BofA Global Research's "Buy" rating and a price objective of $190.
The Direxion Daily NVDA Bull 2X Shares (NVDU) reflected this optimism, rising 1.79% to $102.91 as of 6:40 AM on Wednesday, January 8.