Analysts back Nvidia as top choice after CEO's CES keynote

Nvidia's stock received a boost after CEO Jensen Huang's keynote at CES, where he announced new gaming chips and the Cosmos platform for AI applications. This led to a record high for Nvidia shares, although they later declined. Analysts from Bank of America, Wells Fargo, and Goldman Sachs reaffirmed their positive outlook on Nvidia. They highlighted the full production of the Blackwell chip and the company's strong position in AI technology as key factors for continued growth. Stifel's analyst noted the significance of Nvidia's updates but suggested they may not greatly affect financial forecasts. He emphasized the company's competitive advantage in AI and robotics, maintaining a buy rating on the stock.