Chip giant Nvidia could see its stock surge 27%, hitting a price target of $175, according to Citi forecasts. This boost would be tied to the highly anticipated keynote speech by Jensen Huang, founder and CEO of Nvidia, at the Consumer Electronics Show (CES) 2025, which will be held from January 7 to 10.
CES 2025: A key event for Nvidia
Huang will open the event on January 6 at 6:30 p.m., followed by a Q&A session for financial analysts on January 7. The event could mark a turning point for the company, with expectations of higher sales of its flagship product, Blackwell chips, designed for next-generation artificial intelligence (AI).
AI-driven growth projections
Citi expects Nvidia to increase its sales expectations for Blackwell as it scales production to meet rising demand. The company is also expected to highlight growth in AI applications in industrial robotics, logistics and manufacturing, including humanoid robots. Companies such as Tesla, Figure.AI and Boston Dynamics already integrate Nvidia chips into their advanced devices.
Profit margin and future prospects
Citi analysts also expect Nvidia’s profit margins could bottom out in the April 2025 quarter, with a recovery on the horizon thanks to rising demand. This optimism is supported by recent achievements at events such as the annual GTC 2024 conference, where Nvidia unveiled humanoid robots powered in part by its high-performance chips.
A successful year for Nvidia
With a year-to-date return of 176%, Nvidia continues to lead the AI-driven technology revolution. Citi reaffirms its “Buy” rating on Nvidia shares, raising its price target from $170 to $175 following the third-quarter earnings report.
Nvidia continues to establish itself as a key player in technological innovation, with CES 2025 as an important catalyst for its growth and prominence in the global market.
