Nvidia (NVDA) is making waves in the AI sector, as highlighted by Wedbush following CEO Jensen Huang's dynamic presentation at CES. The event showcased Nvidia's leadership in AI technology, with new advancements in robotics, autonomous tech, and PCs, reinforcing its dominant position in the industry. Wedbush sees a $1 trillion market opportunity in robotics and autonomous technology alone, projecting Nvidia's market cap could exceed $4 trillion, potentially reaching $5 trillion in the next 12 to 18 months.
Key announcements included the GeForce RTX 50 Series GPUs and the Nvidia Cosmos platform, which advances AI in robotics and autonomous vehicles. Jensen Huang emphasized the transformative potential of these technologies, stating, "The ChatGPT moment for general robotics is just around the corner." The introduction of AI foundational models featuring Nvidia NIM microservices and AI Blueprints further underscores Nvidia's innovative edge.
Wedbush remains bullish on Nvidia, viewing the CES announcements as a catalyst for the next phase of the AI Revolution. The firm highlights the "insane" demand for Nvidia's Blackwell chips, supported by strong supply chain checks in Asia. Nvidia's stock was trading at $142.33, up 1.56% as of January 8, 2025.