This week’s Consumer Electronics Show in Las Vegas could move Nvidia (NAS100:NVDA) with speeches from CEO Jensen Huang and AMD (AMD) CEO Lisa Su.
NVDA – Weekly Chart
NVDA is currently trading at $188.85, following recent support at $172.00. There is further support at $164 with a key level at $152.91. A move higher is possible, with the $210 level as the barrier to further bull-market gains.
The latest updates from chip leaders could affect sentiment in the AI infrastructure sector in 2026. Huang’s presentation will be watched for announcements about next-generation AI accelerators beyond the latest Blackwell platform.
Investors will look for comments on AI data center progress and customer demand sustainability after recent concerns about AI capital expenditures and company debts. New products, partnership announcements, or updated performance data could also move the stock.
AMD’s Su faces pressure to show credible AI accelerator momentum with its MI300 series adoption and some competitive strength against Nvidia’s dominance in data center chips. The CES updates come at a critical time, following disappointing earnings from Oracle and Broadcom that triggered sharp selling in AI-related stocks.
The earnings outlook for Nvidia has investors expecting further gains in 2026. For the fiscal year ending in January, analysts expect earnings per share of $4.69, marking 56.9% year-on-year growth.
That values the stock at around 40 times forward earnings, which is not as high as that of many growth stocks. By January 2027, analysts expect EPS to rise to $7.57, representing a 61% year-on-year increase, which would bring the forward earnings ratio to 24.8x.
That seems like a very easy target for Nvidia stock to reach if demand for AI chips remains, which big tech firms have implied it will.
After delivering a 38% gain in 2025, the stock has been flat over the last three months. That could provide a platform for a near-term rally if tech stocks remain bullish. The CES event this week could also spur institutional buying in January.
