NVIDIA'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. The anticipation surrounding NVIDIA's updates at the CES tradeshow, particularly regarding its robotics strategy and the launch of RTX 50xx gaming cards, has bolstered investor confidence. The company's potential to achieve over 50% y/y sales growth in CY25, coupled with its attractive valuation, has positioned NVIDIA favorably in the market. This optimism is reflected in the stock's performance, as it rises amid expectations of reassuring updates on Blackwell shipments and next-gen variants.
The YieldMax NVDA Option Income Strategy ETF (NVDY) has responded positively, climbing 1.48% to $23.27 as of 5:40 AM on Wednesday, January 8.