Nvidia CEO Jensen Huang set to take stage at CES just after shares hit record high
Huang typically uses CES as a platform to announce new video game chips and unveil a flurry of new plans to expand its AI business
Nvidia Chief Executive Jensen Huang is set to deliver the opening keynote speech at CES later on Monday and will likely unveil new video game chips and detail efforts to parlay the company’s success in artificial intelligence into other markets outside the data centre.
Huang typically uses CES as a platform to announce new video game chips and unveil a flurry of new plans to expand its AI business.
CES 2025, formerly known as the Consumer Electronics Show, runs January 7-10 in Las Vegas and is used to debut products ranging from new automotive technology to quirky gadgets, as well as showing new ways to use artificial intelligence.
Nvidia’s stock closed at a record high of US$149.43 on Monday, bringing its valuation to US$3.66 trillion, making it the world’s second-most valuable listed company behind Apple.
Nvidia’s booming valuation has come from the rapid growth of its data centre business, where firms such as OpenAI use its chips to develop AI technology. Analysts expect that part of Nvidia’s business to hit US$113 billion in sales this fiscal year, according to LSEG data. That is more than double the US$47.5 billion figure in fiscal 2024.
