Nvidia (NVDA) CFO Colette Kress said that the chipmaker’s Blackwell chip shipments are going as planned and that the new fiscal year looks strong for its data center business. Speaking at the J.P. Morgan CES (Consumer Electronics Show) Fireside Chat, she also highlighted CEO Jensen Huang’s updates on robotics and AI projects like Nvidia Cosmos, a new physical AI model designed to improve robotics.
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Kress pointed out that there are two big shifts fueling future growth: the move from traditional computing to faster data center tech and the growing use of AI in daily operations. She explained that upgrading outdated systems, worth around a trillion dollars, is a huge opportunity for growth. Nvidia is already working with companies like Accenture (ACN) and Deloitte to help businesses build their AI strategies.
On Blackwell, Kress confirmed the chips are being shipped and offered in different versions to meet market needs. While demand is higher than supply, Nvidia is increasing production each quarter to boost sales. She stressed that the company expects significant growth in its data center business this year as more advanced systems hit the market.
Is NVDA a Good Stock to Buy?
Overall, analysts remain bullish on NVDA stock, with a Strong Buy consensus rating based on 37 Buys and three Holds assigned in the past three months. After a 171% rally in its share price over the past year, the average NVDA price target of $177.03 per share implies an upside potential of 24.9% from current levels.
