The 2026 Consumer Electronics Show, the world’s largest annual tech trade show held every January in Las Vegas, this week hosted a keynote address by Nvidia CEO Jensen Huang, who took the stage Monday to announce new artificial intelligence products. Wall Street was keen to hear the Huang’s presentation to gauge future chip demand and assess sentiment, especially since Nvidia shares have recently been rangebound, rising less than 2% in three months. Huang at CES unveiled Nvidia’s Rubin platform — the successor to its Blackwell architecture and an integrated ecosystem of six distinct chips co-designed to work one AI supercomputer — and also introduced Alpamayo, an open reasoning model family for autonomous vehicle development. Huang has previously said that robotics, including self-driving cars, is Nvidia’s second most important growth category after AI. Nvidia confirmed to CNBC on Monday that it is working with robotaxi operators in hopes of their using Nvidia’s AI chips and Drive AV software stack to power their fleets of autonomous vehicles as soon as 2027. Several Wall Street banks — among them, JPMorgan, Wells Fargo and Piper Sandler — left Huang’s speech with positive takeaways on Rubin’s unique design and anticipated faster adoption than Nvidia’s previous Blackwell and Hopper generation of chips. JPMorgan analyst Harlan Sur notably said in a Tuesday report to clients that Nvidia’s development of physical AI products “could potentially drive the next leg of revenue growth” for the company. NVDA 1Y mountain Nvidia stock performance over the past year. Analysts stayed bullish on Nvidia after Huang’s keynote, with their consensus price target suggesting about 33% potential upside ahead over the next year, according to LSEG. Of the 65 analysts covering Nvidia, 23 rate it a strong buy and 36 a buy. Only five analysts have a hold rating on shares, with just one underperform rating. Take a look at what the biggest names on the Street had to say: Wells Fargo: Overweight rating, $265 price target Analyst Aaron Rakers highlighted the design of Rubin, with six new co-designed chips, as a key differentiator for Nvidia, especially as rival chipmakers continue to gain market share. “Aside from emphasizing that demand is strong, NVDA’s Keynote + Financial Q & A session will likely be viewed as a strong reaffirmation of the company’s competitive positioning / extreme co-design differentiation vs driving financial model / estimate changes,” he told clients in a Sunday note. “From a competitive standpoint, Mr. Huang believes it will be difficult for ASICs to keep up with NVIDIA systems building one chip at a time.” JPMorgan: Overweight, $250 “Rubin GPU confirmed to be on track for C2H26 ramp; leaning even further into physical AI opportunity; performance differentiation achieved through co-design; stepping into storage market with new context memory controller,” Analyst Harlan Sur said in a Monday note. “NVDA has deftly positioned itself to benefit from multiple aspects of physical AI development – from data center compute (model training), to simulation (Omniverse) to edge devices (Jetson Thor) – which in aggregate could potentially drive the next leg of revenue growth for NVDA.” Morgan Stanley: Overweight, $250 Analyst Joseph Moore said that Nvidia’s Rubin, which management said is now in full production, will “again raise the bar for performance.” “No major surprises, but confidence on Rubin should be positively received given competitive noise exiting 2025 around broader TPU traction,” Moore wrote in a Monday note to clients. “While the obvious pushback is that Rubin specs and timelines haven’t changed, the stock is still 10% below highs immediately following Jensen’s $500bn comments at GTC DC, numbers which have since moved higher post earnings and were reinforced in spirit today during the Q & A and fireside. With no hedging on supply or demand, we think enthusiasm can return as that plays out in numbers this year.” UBS: Buy, $235 “NVDA emphasized very strong demand and highlighted early stages of agentic AI and physical AI starting to contribute this year. It more explicitly discussed Vera Rubin (now in full production and expected to ramp on track in 2H26) which is more typically launched at GTC in March. The system-level innovation at each of the six key chips in the rack results in ~3.5x performance improvements on peak workloads. The platform is also designed to be more modular, which should help yield/cycle time and bolster gross margin,” analyst Timothy Arcuri said in a Monday note. “Net, we maintain our ests but still very much see an upward bias to C2026 and C2027 numbers with faster cycle times and Rubin ramp and potential resumption of China shipments.” Piper Sandler: Overweight, $225 Analyst Harsh Kumar said Nvidia is trading at an attractive valuation given its “clear lead in rack-scale systems and expanding strategic partnerships,” according to a Monday note to clients. Kumar was surprised by Nvidia’s nearly 100 large language models released in 2025, noting that Nvidia led the group of companies releasing LLMs, with Google and Alibaba trailing, respectively. “We left extremely positive on NVDA’s technological positioning to deliver ROI and value to its customers throughout the year. Vera Rubin is now in full production, with revenues expected to begin in 2H26 and an anticipated faster ramp than Blackwell and Hopper generations,” “The scope of involvement in the AI space that NVDA demonstrates continues to impress. NVDA remains our favorite pick also considering a favorable valuation at a 24.5x P/E NTM.”
