Jensen Huang founded accelerated computing company Nvidia ( NVDA -0.02%) in 1993, and has served as the CEO and president ever since. Nvidia has achieved many breakthroughs under his leadership, but the invention of the graphics processing unit (GPU) in 1999 was particularly momentous.

"We still see CES as a positive catalyst, re-asserting NVDA's platform dominance/opportunity in high-growth markets," Bank of America said.

Nvidia briefly became the world’s most valuable company ahead of an evening CES speech from CEO Jensen Huang which Bank of America expects to be “reassuring” for investors.