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 and achieve over 50% y/y sales growth in CY25 has bolstered investor confidence, contributing to the stock's upward movement.
The Graniteshares 2x Short NVDA Daily ETF (NVD) experienced a decline, dropping 3.6% to $26.00 at 5:40 AM on Wednesday, January 8.