Nvidia GTC: Here's what Wall Street is saying about Jensen Huang's performance

Did Nvidia (NVDA) bash capable to reawaken the bull communicative connected the chipmaker's banal astatine its yearly developer event? Wall Street is weighing successful connected that.

First, see the optics: CEO Jensen Huang wore his trademark achromatic leather motorcycle overgarment astatine the GTC lawsuit connected Tuesday, not the shiny alligator leather 1 helium donned for a keynote astatine the Consumer Electronics Show earlier this year.

There were tons of details connected almighty caller AI chips specified arsenic Blackwell Ultra and Vera Rubin, which could bash their portion successful taking civilization to a full different level of productivity.

And of course, Huang dropped a big of large numbers astir AI's potential. None were bigger than his prediction that Nvidia’s information halfway infrastructure gross volition deed $1 trillion by 2028.

But erstwhile each is said and done, the Street seemed to person expected it each and is present looking for genuinely caller catalysts to jumpstart 1 of its favourite stocks.

"I deliberation what's truly been much of the nuts and bolts of the keynote [from Huang] was truly conscionable a spot much details astir what we knew was already successful the works," Benchmark Company expert Cody Acree said connected Yahoo Finance's Market Domination (video above). "For the astir part, it was a batch of incremental details that were comparatively small."

Nvidia's banal fell 3.4% by the adjacent of trading connected Tuesday. Shares lone rebounded somewhat successful pre-market trading to $116 each connected Wednesday.

Year to date, the once-hot banal is down by 14% arsenic the Street questions Nvidia's gait of aboriginal growth.

"Jensen delivered the goods and gave the expansive AI imaginativeness for Nvidia, and that’s what agelong word investors want. Short term, traders wanted thing much granular, and conscionable similar CES, that was unrealistic," Wedbush tech expert and Nvidia bull Dan Ives said. "We graded this a A+ keynote — inflection constituent successful AI spend."

Here's what Wall Street is saying much wide astir what Huang unveiled astatine Nvidia's latest GTC event. Most analysts near their terms targets and ratings connected the banal unchanged.

One long-time Nvidia watcher and bull — Eric Jackson of EMJ Capital — volition look successful a caller occurrence of Yahoo Finance's Opening Bid podcast today. That volition aerial astatine 8:30 a.m. ET.

• Rating: Buy

• Price Target: $180

"The GTC keynote featured updates connected next-gen Blackwell Ultra, Rubin, and Rubin Ultra architectures. The keynote besides featured the motorboat of Dynamo – NVDA's inferencing bundle designed for the optimization of reasoning models wrong information centers, which was described arsenic the operating strategy for AI Factories. As was wide expected, Mr. Huang besides touched connected scale-out networking with the ceremonial announcement of silicon photonics/co-packaged optics Quantum-X and Spectrum-X switches. On the endeavor infrastructure front, NVDA announced the DGX Spark and DGX Station PCs, offering AI capabilities and show successful a desktop signifier factor. Continued full-stack infrastructure improvement is targeted astatine evolving reasoning models and agentic AI, which NVDA believes volition thrust 10-100x compute intensity. We proceed to presumption NVDA's innovation connected AI infrastructure positively wrong the backdrop of a broader accelerated computing marketplace which is forecast to thrust information halfway capex to ~$1 trillion annually by the extremity of the decade."