Nvidia investors look to CEO keynote to keep rebound going
Mar 17, 2025 - financialpost.com
Nvidia Corp. shareholders are looking to CEO Jensen Huang's keynote speech at the GPU Technology Conference (GTC) to sustain the stock's recent rebound. The company is at a critical juncture as it faces concerns that its sales boom may be peaking. Investors are particularly interested in updates on Nvidia's Blackwell product line, gross margins, and growth prospects. Despite a recent dip, Nvidia's position as a leader in AI chip technology and anticipated spending in the sector could mean that current weaknesses are temporary. Analysts expect significant revenue and earnings growth for fiscal year 2026, although there are concerns about thinner-than-expected gross margins.
The stock has faced a broader slump alongside other major technology stocks, with uncertainties around tariffs and AI spending plans weighing on sentiment. However, Nvidia's recent earnings exceeded Wall Street expectations, and if the company can meet its guidance, it could present a buying opportunity. The market remains skeptical, but some investors see potential upside if Nvidia executes its plans effectively.
Key takeaways:
Nvidia investors are looking to CEO Jensen Huang's keynote speech to sustain the stock's recent rebound amid concerns of peaking sales.
The company's position in AI chip technology and anticipated spending could mean recent stock weakness is temporary.
Despite a recent rebound, Nvidia's stock remains down over nine percent this year, with valuation near a five-year low.
Positive factors include recent earnings beating expectations and projected revenue growth of 57% for fiscal year 2026.
