The sergeant wants to know if you're ready to rock.
Stephen Guilfoyle, aka Sarge, is gearing up for the annual Consumer Electronics Show (CES), the high-tech event scheduled to arrive in Las Vegas on January 7 and run through January 10.
This is the first major industry conference of this new year, the veteran trader noted on TheStreet Pro, and comes at a volatile time for stock markets.
“There will be press-related events starting Sunday through the show,” Guilfoyle said, “so this is really a week-long jamboree filled with appearances by CEOs and other leaders of elite technology firms, as well as leaders of some few companies that one couldn't think of from that perspective.
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Wedbush analysts noted that CES has become increasingly incremental rather than revolutionary in recent years. However, the company still expects numerous new product offerings and roadmap updates, “many of which we anticipate will be announced as ai-oriented.”
Guilfoyle said he will be watching ai chipmaking giant Nvidia (NVDA) and semiconductor company Advanced Micro Devices (amd) both scheduled to hold pre-CES press conferences on January 6.
AMD will lead off at 2:00 pm Eastern Time.
Guilfoyle expects Computing and Graphics group senior vice president and general manager Jack Huynh and several other AMD executives (but probably not CEO Lisa Su) to stay focused on the company's expansion of its stake in the PC and gaming businesses.
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Wall Street Veteran: Nvidia is the 'It' tech Company
Guilfoyle is also looking for AMD executives to review or highlight its portfolio of ai-related products. In the PC space, the company has had less success competing with Nvidia than Intel. (INTC) .
Nvidia joined the Dow Jones Industrial Average in November, replacing Intel.
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AMD could also reveal newly updated chipsets at the event, but Guilfoyle believes CEO Su won't appear on stage in Las Vegas unless AMD has a dramatic industry announcement to share.
Nvidia CEO and co-founder Jensen Huang, whom Guilfoyle referred to as “The Fonz” because of his trademark leather jacket, will give a keynote speech at 9:30 p.m. ET to help get things started.
“Nvidia has been the 'It' chip company, and really the 'It' technology company since the rise of the data center cloud and then the rise of the revolution in generative artificial intelligence,” said Guilfoyle, whose career goes back to the floor. of the New York Stock Exchange in the 1980s.
After Huang's speech, Guilfoyle said Nvidia will host media, analysts, customers and partners at the Fontainebleau Resort in Las Vegas.
“The facility at that complex will feature hands-on demonstrations aimed at showcasing innovations in artificial intelligence, robotics and accelerated computing in the automotive, enterprise and robotics fields, as well as a focus on foraying into what it calls the 'Omniverse,' which appears similar to what Meta Platforms (GOAL) called the 'Metaverse,'” he said.
Omniverse is Nvidia's real-time 3D graphics collaboration platform.
In November, the company introduced Nvidia Omniverse Blueprint, which allows industry software developers to create digital twins with realistic physics in real time.
It's safe to say that 2024 was Nvidia's year.
Nvidia, the Dow's top performer in 2024, reached a market cap of $3 trillion, temporarily surpassing Apple (AAPL) as the most valuable company in the world before occupying second position.
Analysts at Wedbush recently named Nvidia as one of their top 10 technology winners for the “ai Revolution” in 2025, alongside such notable names as Palantir. (PLT) tesla (TSLA) sales force (CRM) and Apple.
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Analysts cite AMD gains in client computing
Voice ai company Cerence (CRNC) a rival to SoundHound ai (SOUND) said on January 2 that it would expand its collaboration with Nvidia.
Cerence said Nvidia's artificial intelligence software platform will accelerate the development of large language models in the automotive industry.
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Wedbush said Nvidia is expected to provide updates on gaming robotics and client computing.
The firm said an important question is when attractive and ubiquitous ai-based consumer applications will emerge and proliferate.
Wedbush said it would seek feedback on this issue, especially since useful ai functionality would not only benefit Nvidia but could drive upgrade cycles across hardware and member vacations for our entire universe.
AMD is expected to announce a number of new customer computing products, including its new Strix Halo APUs and a range of Ryzen 9 CPUs, Wedbush said.
“We think AMD's share gains in client computing have accelerated somewhat, versus Intel, and we expect this trend to continue through 2025, particularly if the new GPUs catalyze a new recycling for gaming and enthusiast PCs.” , with AMD benefiting from this change,” the firm said. saying.
Both tech giants are scheduled to report their results in the coming weeks.
AMD is scheduled to report in late January, and Wall Street expects adjusted earnings per share of $1.09 on revenue of $7.53 billion.
That would be an increase from an adjusted 77 cents per share a year ago and would be enough for year-over-year sales growth of 22%, Guilfoyle said.
AMD shares have fallen about 45% from their all-time high in late spring, losing roughly $140 billion in value along the way. Investors and analysts expressed concern that supply chain issues continue to slow sales growth in its three main business units.
Nvidia is expected to report in late February, and analysts expect the company to earn an adjusted 85 cents per share on $38.03 billion in sales. This would be up from the adjusted 52 cents a year ago and would be enough for year-over-year sales growth of 72%.
“I intend to take a short-term trade in NVDA before next week's crisis that would be outside or around my long-term position, which is smaller than it was in November,” Guilfoyle said.
He said his current target for that time is $161, but “shares would have to break through the November high of $153 to get there, and that in itself would likely trigger an upward shift in target from $161.”
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