The Consumer Electronics Show in Las Vegas next week will mark the opening act of what Wedbush calls a decisive year for artificial intelligence spending.
The broker says the conference will “kick off a key year for the AI revolution”, with the spotlight firmly on Nvidia Corp (NASDAQ:NVDA, XETRA:NVD) and its chief executive Jensen Huang, who delivers the opening keynote on January 5.
Wedbush expects Huang to use the speech to set out Nvidia’s strategic direction as artificial intelligence use cases spread rapidly across industries. The focus, it says, will be on data centres, robotics and what it describes as “physical AI”.
The analysts add that developments to Nvidia’s Cosmos foundation model platform are likely to feature, alongside discussion of autonomous technologies ahead of 2026.
Big spending, big numbers
Behind the hype sits a large capital spending cycle. Wedbush points to $3 trillion to $4 trillion of artificial intelligence capital expenditure hitting the market over the next three years.
“More enterprises from around the world start to recognise the volumes of use AI cases are increasing by the day,” the note says, adding that recent supply chain checks in Asia show “unprecedented demand”.
While enterprise spending has dominated the story so far, Wedbush believes the consumer phase is approaching fast. It says 2026 will mark the point when artificial intelligence moves decisively into robotics, wearables, digital health and smart homes.
AMD is also in focus
Nvidia will not have the stage to itself. Advanced Micro Devices chief executive Lisa Su is also due to deliver a keynote, with Wedbush expecting “significant Ryzen updates”.
The broker highlights a growing presence from Chinese technology groups, particularly in robotics and smart vehicles, as another theme likely to catch investors’ attention on the show floor.
Ratings and targets
Wedbush reiterates its bullish stance on the sector:
- Nvidia is rated outperform with a price target of $230, compared with a recent share price of $190.53.
- AMD is also rated outperform, with a price target of $290, versus a recent price of $214.99.
Wedbush describes the artificial intelligence shift as a “once in a 40-year” technology spending change that is still in its early stages.
“We await Jensen’s speech to set the tone for what looks like a special tech week ahead in Vegas and a massive year ahead for the tech industry,” the analysts conclude.