BUZZ-Nvidia gains after unveiling robot training tech, new gaming chips
** Nvidia's NVDA.O shares rise 1.71% to $151.98 premarket
** Company on track to become most valuable listed company with market value of $3.72 trillion, surpassing Apple's AAPL.O $3.70 trillion, if premarket gains hold
** Nvidia unveiled AI-enabled technology to train robot and self-driving cars, gaming chips, and its first desktop computer at CES
** Company added that Japan's Toyota's Motor 7203.T will use its Orin chips and automotive operating system for advance driver assistance
** Nvidia CEO Jensen Huang sees automotive hardware and software revenue of $5 bln in FY 2026, up from an expected $4 bln in FY 2025
** "Huang in his keynote speech at the CES 2025 conference announced a raft of new chips, software and services ... so there is seemingly no end to their ambition and excitement about tech and AI as we start 2025" – Deutsche Bank
** "That doesn't look like a rally that's fizzling out just yet – although the AI discussions this year will shift from hype and hope to real-life applications and return on massive investments" – Swissquote Bank
** As of Monday's close, Nvidia shares up 11.3%
(Reporting by Rishi Kant in Bengaluru)
((Rishi.Kant@thomsonreuters.com))
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