Nvidia stock stems losses as GTC leaves Wall Street analysts 'comfortable with long term AI demand'

Nvidia (NVDA) banal roseate much than 1% Wednesday premarket, stemming losses from a two-day descent that saw shares suffer 5% arsenic the AI chipmaker’s yearly GTC league failed to excite investors amid a broader marketplace downturn.

Nvidia stock’s reversal comes arsenic Wall Street analysts walked distant from CEO Jensen Huang’s intimately watched GTC 2025 keynote Tuesday optimistic astir the company’s roadmap and AI demand, doubling down connected their bullish outlooks connected the chipmaker successful notes to investors. Those outlooks antagonistic broader concerns astir agelong word AI request and much businesslike AI models reducing the request for computing hardware specified arsenic Nvidia’s acclaimed GPUs [graphics processing units, oregon AI chips].

“[W]e came retired of the keynote reassured successful NVIDIA's enactment which if thing seems to beryllium expanding,” wrote Citi (C) expert Atif Malik, reiterating his Buy standing connected Nvidia banal and $163 terms people and calling the chipmaker “king of the hill.”

Huang laid retired the Nvidia’s upcoming AI chips during his presumption successful San Jose Tuesday afternoon: Nvidia volition motorboat its upcoming AI chip, Blackwell Ultra, successful the 2nd fractional of 2025, its adjacent AI superchip, Vera Rubin successful the 2nd fractional of 2026, and the next-gen superchip aft that (Vera Rubin Ultra) successful the 2nd fractional of 2027. Huang reiterated that helium sees information halfway spending connected compute hardware [i.e. Nvidia’s full addressable market] reaching $1 trillion.

“I've said earlier that I expect information halfway build-out to scope $1 trillion. And I americium reasonably definite we're going to scope that precise soon,” helium told a ample crowd.

Raymond James (RJF) expert Srini Pajjuri reiterated his Strong Buy standing connected Nvidia, echoing Citi’s Malik, “Overall, we walked distant comfy with agelong word AI request and proceed to beryllium impressed with NVDA’s roadmap & exertion innovation.”

Bernstein’s Stacy Rasgon wrote successful his ain enactment to investors Wednesday morning, “The roadmap looks truly solid, and their capableness spread vs competitors crossed their full monolithic stack continues to widen.”

Huang besides seemed to person analysts that cheaper, outgo businesslike AI models [i.e. that of China’s DeepSeek] won’t wounded AI spot demand.

“During the keynote session, Jensen Huang presented a compelling lawsuit connected however innovations successful AI models, specified arsenic DeepSeek, volition thrust higher compute complexity and necessitate expanding compute demand,” wrote JPMorgan (JPM) expert Harlan Sur successful a enactment aboriginal Wednesday.

Some were much skeptical.

“There was small commentary comparing the usage cases [of Nvidia's GPUs] vs. peers oregon ASICs [custom chips made by companies specified arsenic Broadcom seen arsenic contention for Nvidia's GPUs],” wrote Jefferies (JEF) expert Blayne Curtis precocious Tuesday, adding that Vera Rubin “will lone beryllium an incremental update successful 2026 with Rubin Ultra the much meaningful leap up successful 2027.”