NVIDIA Corporation's strategic focus on AI and robotics continues to capture investor attention, as highlighted by BofA Global Research's reaffirmation of its "Buy" rating and a price target of $190. The anticipation surrounding NVIDIA's announcements at the CES tradeshow, particularly regarding its advancements in AI, gaming, and data center technologies, has bolstered market sentiment. Investors are keenly watching for updates on NVIDIA's robotics strategy and the launch of new RTX 50xx gaming cards, which are expected to reinforce the company's leadership in the AI sector. The potential for over 50% y/y sales growth in CY25 further underscores NVIDIA's robust growth trajectory, despite broader market concerns.
The ETF Opportunities Trust T-Rex 2X Long NVIDIA Daily Target ETF (NVDX) rose 3.44% to $15.65 as of 5:40 AM on Wednesday, January 8.