Nvidia ( NVDA ) investors look to Huang CES speech to kick off next breakout

Nvidia Corp. investors have high hopes that Monday’s speech from the CEO Jensen Huang will trigger another breakout in the chipmaker’s shares, which have plateaued since November after roaring higher for most 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 that use its chips. However, investors today will focus on any comment on the Blackwell chip, which is seen as Nvidia’s next big growth driver. Despite robust demand, Blackwell has faced supply constraints, in part due to production challenges that have slowed rollout.