NVIDIA Corporation (NVDA) remains a top pick for BofA Global Research, maintaining a "Buy" rating with a price objective of $190, following its CES 2025 keynote. The report highlights NVIDIA's continued dominance in AI across hardware and software, with significant announcements including the new RTX 50 Series GPUs and the Cosmos video language model. The Blackwell accelerators are now in full production, supporting over 200 configurations, and the automotive segment is projected to reach a $5 billion run-rate by FY26, with Toyota as a new customer.
NVIDIA's strategic expansion into enterprise AI is underscored by the Cosmos platform, which enhances the development of physical AI for autonomous vehicles and robotics. The company also introduced Nvidia-optimized open-source models, such as the Llama Nemotron, aimed at facilitating enterprise AI adoption. The RTX 50 series GPUs promise a fourfold improvement in performance per watt compared to the previous generation, with the RTX 5090 doubling the performance of the RTX 4090.
NVIDIA was trading at $142.21, up 1.48% on January 8, 2025, at 6:30.