Nvidia, IBD Stock Of The Day, Actionable Ahead Of CES News
Dec 24, 2025 14:12:00 -0500 by PATRICK SEITZ
Artificial intelligence enabler Nvidia (NVDA) is the IBD Stock Of The Day as the chipmaker prepares to start the new year with announcements at the CES 2026 tech trade show in Las Vegas.
Nvidia Chief Executive Jensen Huang is scheduled to give a media briefing at 1 p.m. Pacific time on Jan. 5 at the show. He will provide an update on Nvidia’s business outlook and product roadmap for the year ahead.
Huang also will be a guest speaker at keynote speeches on Jan. 6 by Siemens CEO Roland Busch and Lenovo CEO Yuanqing Yang. At those events, he will discuss industrial AI and computing infrastructure, respectively.
Nvidia stock is in an eight-week consolidation pattern with a formal buy point of 212.19, according to MarketSurge charts.
However, shares are actionable above their 50-day moving average line, according to IBD analysis.
Further, investors could use its intraday high of 196 on Nov. 20, a downside reversal day, as an alternate entry.
On the stock market today, Nvidia slipped 0.3% to 188.61 in light volume during the shortened trading session for Christmas Eve. It ended the day above its 50-day line.
Nvidia Stock ‘Ripe For Outperformance’
Meanwhile, in a client note Wednesday, Cantor Fitzgerald analyst C.J. Muse said AI chip designers Nvidia and Broadcom (AVGO) are “ripe for outperformance once the calendar turns.” He called both fabless chipmakers “top picks” for 2026.
“The AI trade has obviously been a key debate area lately, with the AI-levered group pressured since early November as we entered a more risk-off environment with AI bubble fears at the forefront,” Muse said. “We continue to believe that these fears are overdone and shortsightedly missing the forest for the trees as we remain at the cusp of a massive AI-related demand inflection.”
Nvidia stock has a best-possible IBD Composite Rating of 99, according to IBD Stock Checkup. IBD’s Composite Rating is a blend of key fundamental and technical metrics to help investors gauge a stock’s strengths. The best growth stocks have a Composite Rating of 90 or better.
Also, Nvidia stock is on two IBD lists: Sector Leaders and Tech Leaders.
Follow Patrick Seitz on X at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks.
YOU MAY ALSO LIKE:
Microsoft Will ‘Prove Doubters Wrong’ In 2026 With AI-Fueled Growth
Will 2026 Be The Year Apple Finally Joins The AI Race?
Discover Profitable Trades Each Day With MarketDiem. See How.
Find Winning Stocks With MarketSurge Pattern Recognition & Custom Screens