Nvidia (NASDAQ:NVDA) CEO Jensen Huang made plenty of interesting announcements during his keynote at CES, though not quite the blockbuster news investors had been holding out for.
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That is essentially the view of Benchmark analyst Cody Acree, an analyst ranked in the top 2% of Street stock experts, who believes many investors were hoping for “more concrete progress updates on the ramp of Blackwell and some input as to the company’s progress with its next generation GPU platform, Rubin.”
Huang did drum up Blackwell’s performance leadership, highlighting that the platform is fully operational, with nearly all Cloud Service Providers utilizing systems in diverse configurations. He also elaborated on the intricacy of the system, which weighs 1.5 tons, consists of 60,000 components, and is interconnected by two miles of 5,000 copper cables.
Impressive as it is, much of this was already on the market’s radar. Meanwhile, Rubin went unmentioned, though Acree points out that the next-gen platform isn’t expected to debut until 2026.
Hardware-wise, Nvidia officially unveiled its next-generation GeForce RTX 50 Series Desktop and Notebook GPUs, built on the Blackwell architecture. The remainder of the announcements focused heavily on the progress being made in developing a diverse range of models, with a strong focus on what the company dubbed the ‘Age of AI Agents’ or ‘Agentic AI.’ This system comprises domain-specific, task-expert models, including a family of models based on Meta’s Llama LLM, branded by Nvidia as the Nemotron Language Foundational Models.
Nvidia also introduced its Cosmos platform, a suite of generative world foundational models designed to advance the development of physical AI systems, such as autonomous vehicles and robots. These models will be available under an open model license.
Finally, Nvidia announced that Toyota, Aurora, and Continental have joined the growing roster of global mobility leaders developing and deploying consumer and commercial vehicle fleets using Nvidia’s accelerated computing and AI platforms. Toyota plans to build its next-generation vehicles on Nvidia’s DRIVE AGX Orin platform, powered by the company’s DriveOS operating system. Many automakers, truck manufacturers, robotaxi and autonomous delivery vehicle companies and mobility startups are reportedly leveraging the semi giant’s DRIVE AGX platforms. Nvidia’s automotive vertical is poised for some huge growth, with revenues expected to reach around $5 billion in fiscal year 2026.
“Overall,” the 5-star analyst summed up, “we thought it was a strong kick-off to this year’s CES.”
To this end, Acree rates NVDA shares a Buy, along with a $190 price target, implying shares will gain 39% over the one-year timeframe. (To watch Acree’s track record, click here)
That’s hardly a controversial take on Wall Street, with 36 other analysts joining Acree in the bull camp while 3 Holds can’t detract from a Strong Buy consensus rating. The forecast calls for 12-month returns of 26%, considering the average price target stands at $178.16. (See Nvidia stock forecast)
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Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
