NVIDIA CES Keynote Summary: Investors Seek Updates on Blackwell Ramp and Next-Gen GPU Platform Rubin

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NVIDIA’s CES Keynote: A High-Intensity Presentation

NVIDIA CEO Jensen Huang stunned audiences during his keynote speech at CES, which Wedbush analyst Dan Ives remarked felt more like “a rock concert”than a traditional tech address. However, not all investors left the event satisfied, according to a recent report from investment banking firm Benchmark.

$NVDA Buy Following CES – Benchmark

While Jensen Huang, as expected delivered a broad master-class on the current state and direction of the AI industry, and made several technically interesting announcements that together further extend the company’s hardware and software…

— Kaushik (@BigBullCap) January 7, 2025

Investor Reactions to Huang’s Announcements

Benchmark acknowledged Huang’s expertise, noting he provided a comprehensive overview of the AI landscape and made several impactful announcements. However, the firm highlighted that many investors were left wanting more specific updates regarding the launch progress of the Blackwell platform and insights into the upcoming Rubin GPU architecture.

Despite Benchmark’s recognition of Huang’s remarks about the Blackwell platform entering full production, they pointed out that much of the presentation lacked new information. Notably, there was no mention of Rubin, which is slated for release in 2026.

Key Highlights from the CES Keynote

For those who might have missed it, Huang’s CES keynote covered several groundbreaking topics, alongside noteworthy developments that transpired shortly after the presentation:

NVIDIA unveiled its RTX 50 series of GPUs, built on the advanced Blackwell architecture and incorporating Micron’s memory technology.
The company announced Project Digits, an AI supercomputer priced at $3,000, capable of delivering 1,000 times the processing power of a standard laptop.
A new open-source initiative called Cosmos was introduced, designed to generate synthetic data for training robots and autonomous vehicles.
Huang suggested that a significant breakthrough for robotics, referred to as the “ChatGPT moment,”is imminent.
The launch of Thor Blackwell, NVIDIA’s next-gen processors intended for autonomous vehicles and humanoid robots, was also announced.
Huang predicted that the autonomous vehicle sector would emerge as a multi-trillion-dollar robotics industry, a sentiment echoed by Tesla’s CEO Elon Musk.
NVIDIA’s technology will be leveraged by Toyota to enhance its autonomous driving capabilities, as announced during the keynote.
A partnership with Aurora, a firm specializing in autonomous vehicle technology, was confirmed to facilitate the mass production of self-driving trucks by Continental, anticipated to commence in 2027.

Overall Investor Sentiment

In summary, Benchmark opined that Huang’s keynote effectively set a positive tone for CES 2025. As a result, the firm reaffirmed its ‘Buy’ rating on NVIDIA’s stock, attaching a price target of $190, which indicates a potential upside of 25% relative to its current pricing.

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