Nvidia CEO Jensen Huang is expected to deliver the CES keynote sometime Monday. He will likely unveil new chips for video games and detail the company’s efforts to leverage its artificial intelligence successes in markets beyond data centers.
Huang typically uses CES as a platform to announce new video game chips and unveil a host of new projects aimed at expanding its artificial intelligence business.
CES 2025, formerly known as the Consumer Electronics Show, runs January 7-10 in Las Vegas and serves to showcase products ranging from new automotive technology to quirky gadgets, as well as show off new ways of use artificial intelligence.
Nvidia’s stock closed at a record high of $149.43 on Monday, bringing its valuation to $3.66 trillion, making it the second most valuable publicly traded company in the world, behind Apple.
Nvidia’s valuation boom comes from the rapid growth of its data center business, where companies such as OpenAI use its chips to develop AI technologies. Analysts expect this part of Nvidia’s business to reach $113 billion in revenue this fiscal year, according to LSEG data. That’s more than double the fiscal 2024 figure of $47.5 billion.
Nvidia still has a significant consumer business selling graphics processors to PC gamers, a business that analysts expect to reach $11.77 billion this year. Nvidia still dominates the gaming chip market, where it competes with Advanced Micro Devices and, to a lesser extent, Intel.
Last year, Nvidia revealed its Blackwell AI server architecture at its developers conference in March. Its new line of graphics processing units (GPUs) will likely be based on similar Blackwell technology. New graphics chips for video games generally boast improved performance and image quality.
Nvidia is also increasingly looking to translate its data center lead into the broader PC market by positioning its gaming chips as useful in enterprise PCs and laptops to handle AI work such as chatbots and “agents” that can help carry out work tasks.
That puts the company in direct competition with companies like Intel and Qualcomm, which hope AI features will spark a new round of PC upgrades.
Mr. Huang is scheduled to speak at 9:30 p.m. Eastern Time.
Related News :