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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