Nvidia briefly became the world’s most valuable company ahead of an evening CES speech from CEO Jensen Huang which Bank of America expects to be “reassuring” for investors.

"We still see CES as a positive catalyst, re-asserting NVDA's platform dominance/opportunity in high-growth markets," Bank of America said.

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.

Nvidia stock was on track to notch a record high Monday ahead of CEO Jensen Huang’s keynote address at the annual Consumer Electronics Show (CES) in Las Vegas.

A push into robotics and the unveiling of the Nvidia 5000 Series GPUs are items to watch at CES. An analyst questions how quick the items will turn into revenue.