The Consumer Electronics Show (CES) is in full swing and Nvidia (NVDA) is showing off its newest graphics processing units (GPUs) at the event. The semiconductor company revealed the RTX 50 series of GPUs, which will be powered by the same Blackwell technology as its artificial intelligence (AI) chips.
Nvidia will release the most powerful versions of its RTX graphics cards at the end of January, and the less powerful versions will come out in February. Customers looking to experience the best graphics in video games will pay between $549 and $1,999 for the new Nvidia GPUs.
Nvidia also promises major power boosts for gamers who buy its new RTX 50 series cards. According to company CEO Jensen Huang, the RTX 5090, the strongest of the new GPUs, offers twice the performance of the RTX 4090, the most powerful graphics card of the current generation.
What This Means for NVDA Stock
Today’s news will likely fuel Nvidia with short-term profits as gamers seek new graphic cards. This and its ongoing AI endeavors could help the company break the recent stall in growth for NVDA stock. The shares are up 2.42% today but have only gained 16.58% over the last six months. For comparison, its 52-week growth is 186.05%.
While Nvidia may be known as an AI company after leading the surge in that sector last year, it has always been a top performer in the GPU market. These two fields are connected as the company uses the same technology for its GPUs as it does for AI offerings. That means progress in the GPU space is directly tied to its progress in AI.
Is NVDA stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Nvidia is Strong Buy based on 37 Buy and three Hold ratings over the last three months. With that comes an average price target of $177.03, a high of $220, and a low of $135. This represents a potential 18.47% upside for NVDA shares.
