The conference is seen as a potential catalyst for Nvidia shares, with analysts predicting a possible 5% rise by the week's end. Despite recent volatility due to competition from Chinese startups and tariff-induced market corrections, analysts remain optimistic about Nvidia's long-term growth prospects. They highlight the company's historical performance and potential for significant product cycles, particularly with the upcoming Blackwell and Rubin chips. The event is expected to bolster confidence in Nvidia's ability to achieve a 10% quarter-over-quarter growth, despite current market challenges.
Key takeaways:
- Nvidia's GTC conference is anticipated to provide key updates on the Blackwell GPU and other projects, potentially boosting Nvidia's stock after a recent 20% sell-off.
- Investors are particularly interested in Nvidia's advancements in quantum computing and its partnerships, with expectations of significant announcements during the conference.
- Analysts from Bank of America and Melius Research have reiterated their "buy" ratings for Nvidia, with expectations of positive updates on Nvidia's robotics and quantum computing projects.
- Despite recent volatility in the tech sector, analysts remain bullish on Nvidia, citing historical positive gains when buying at similar valuation levels and potential growth in AI and chip demand.