All of this makes Nvidia a great buy for any investors interested in betting on the future of AI. But the big question often is: When should you buy? Sometimes, investors look to potential stock price catalysts, such as an earnings report or an event that may renew excitement about the company — and push the stock price higher. One such occasion is right around the corner, set to begin on Jan. 6. Should you get in on Nvidia beforehand? Let’s find out.<\/p>\n
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Image source: Getty Images.<\/p>\n
Nvidia’s rivals<\/p>\n
First, though, let’s consider why Nvidia has drawn this much attention — after all, it’s not the only AI chip designer<\/a> around, as it competes with players including Advanced Micro Devices and Broadcom. And even some of Nvidia’s own customers, like Amazon, are producing their own chips, so they compete with the chip giant to some degree.<\/p>\n But, as mentioned, Nvidia sells the world’s highest-performance chips as well as an entire portfolio of products and services — making it almost a one-stop place for AI customers<\/a> to shop for all of their needs. This has translated into spectacular growth for the company, with revenue and profit reaching record levels quarter after quarter.<\/p>\n And, with AI spending forecast to reach into the trillions of dollars over the coming five years, Nvidia may have plenty of bright days ahead.<\/p>\n Now, let’s consider what’s happening as of Jan. 6, and that’s a massive consumer electronics show known as CES. It’s the opportunity for tech giants to show off their latest innovations as well as make new product announcements.<\/p>\n Today’s Change<\/p>\n (3.80%) $6.62<\/p>\n Current Price<\/p>\n $180.76<\/p>\n Key Data Points<\/p>\n Market Cap<\/p>\n $4.4T<\/p>\n Day’s Range<\/p>\n $176.44 – $181.06<\/p>\n 52wk Range<\/p>\n $86.62 – $212.19<\/p>\n Volume<\/p>\n 7.4M<\/p>\n Avg Vol<\/p>\n 193M<\/p>\n Gross Margin<\/p>\n 70.05%<\/p>\n Dividend Yield<\/p>\n 0.02%<\/p>\n The spotlight on Nvidia<\/p>\n Attendees may visit an Nvidia showcase daily from Jan. 6 through Jan. 8 at the event to see more than 20 demos and speak with experts from the company. Nvidia has scheduled special sessions on physical AI, as well as AI in manufacturing<\/a>, drug discovery, and more. Lenovo’s Tech World also will be unfolding during CES, and Nvidia chief Jensen Huang will be one of the speakers at the event.<\/p>\n So, could all of this represent a catalyst for Nvidia’s stock? I wouldn’t expect a major new announcement from Huang since the company recently reported earnings — on Nov. 19 — so may not have an update in such a short period of time. And since the focus is on consumer electronics, Huang may not choose this moment to talk about subjects such as Nvidia’s presence in China. (After several months of halted sales there due to export controls, the U.S. recently said<\/a> Nvidia could start selling its H200 chip to China.)<\/p>\n A reminder of Nvidia’s AI strengths<\/p>\n<\/p>\n