NVIDIA Key Takeaways from Upcoming Conferences and Q2 2023 Earnings Announcement at JPMorgan Healthcare and Las Vegas CES Event

As we kick off a new year, it’s becoming increasingly clear that the themes driving sharp returns among the Magnificent 7 stocks in 2024 are far from waning. In fact, they appear to be gaining momentum, with artificial intelligence (AI) being one of the most significant drivers of growth. Among the top performers, NVIDIA (NASDAQ: NVDA) is a standout, and its AI story is poised to dominate headlines once again this week at CES.

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NVIDIA’s AI Surge Powers 25% of S&P 500 Gains in 2024

According to recent reports, NVIDIA’s AI surge was responsible for an astonishing 25% of the S&P 500’s gains in 2024. This is a testament to the company’s dominance in the field and its ability to drive innovation and growth. With a strong track record of delivering impressive results, it’s no wonder that investors are eager to see what the future holds.

CES: A Key Stage for NVIDIA’s AI Story

This week, CES will be a key stage for NVIDIA’s AI story as Jensen Huang, the company’s CEO, delivers the keynote address. This is an exciting opportunity for the company to showcase its latest advancements and innovations in the field of AI. With NVIDIA’s reputation for pushing the boundaries of what’s possible with technology, this event promises to be electrifying.

NVIDIA’s Q4 Report: A Crucial Milestone

As we head into 2025, NVIDIA’s Q4 report will be a crucial milestone for investors and analysts alike. With consensus calling for $0.85 in non-GAAP EPS and bottom-line growth of 64%, this quarter promises to be an exciting one for the company. Additionally, with forecasted sales increasing by 50% and a modest 0.6x forward PEG ratio, NVIDIA’s prospects look bright.

Why AI is Poised to Dominate Headlines in 2025

So, what makes AI such a significant driver of growth for NVIDIA? The answer lies in the company’s focus on developing cutting-edge technologies that push the boundaries of what’s possible. With AI being increasingly integrated into various industries and sectors, NVIDIA’s expertise in this area is highly sought after.

Expert Analysis: BofA Retains Nvidia Stock as Top Pick

In a recent report, Bank of America (BofA) retained NVIDIA stock as its top pick heading into CES next week. With analysts calling out the company’s modest 0.6x forward PEG ratio and forecasted sales increase of 50%, this endorsement is a testament to NVIDIA’s strength in the market.

Conclusion

As we begin a new year, it’s clear that the momentum driving growth among the Magnificent 7 stocks is far from over. With AI being one of the most significant drivers of growth for NVIDIA, investors and analysts alike are eagerly watching this space. As Jensen Huang takes center stage at CES, it will be exciting to see how the company continues to push the boundaries of what’s possible with technology.

Key Takeaways:

NVIDIA’s AI surge was responsible for an astonishing 25% of the S&P 500’s gains in 2024.
The company’s Q4 report is a crucial milestone, with consensus calling for $0.85 in non-GAAP EPS and bottom-line growth of 64%.
With forecasted sales increasing by 50% and a modest 0.6x forward PEG ratio, NVIDIA’s prospects look bright.

References:

"NVIDIA Corporation (NASDAQ:NVDA)," YahooFinance, January 3, 2025.
"Bank of America retains Nvidia stock as Top Pick heading into CES next week," Investing.com, Vahid Karaahmetovic, January 2, 2025.