Nvidia Investors Look to Huang CES Speech to Spark Next Breakout

(Bloomberg) -- Nvidia Corp. investors have high hopes that Monday’s speech from CEO Jensen Huang will spark a fresh breakout in the chipmaker’s shares, which have plateaued since November after roaring higher for much of 2024.

Huang is set to take the stage at the closely-watched CES trade show in Las Vegas. Nvidia has typically used the event to showcase consumer devices using its chips. However, investors will focus today on any commentary on the Blackwell chip, considered Nvidia’s next major growth driver. Despite seeing robust demand, Blackwell has faced supply constraints due in part to manufacturing challenges that have slowed its rollout.

“The ex...
[Short citation of 8% of the original article]