Jensen Huang envisions significant growth for Nvidia (NVDA), aiming to maintain and expand the company’s leading position over the next three years. This plan includes releasing a new version of its successful Blackwell Graphic Processing Unit and diversifying into analytic software, robotics, and the automotive sector.
During the Nvidia GTC Conference, held on March 18, Huang’s two-hour presentation was well-received by its over 25,000 attendees. Notable attendees included Michael Dell, CEO of Dell Technologies, Bill McDermott, CEO of Service Now, and Young Lu, CEO of Foxconn. The event has been likened to the “Woodstock of Artificial Intelligence” since its inception in 2009.
However, Nvidia’s stock saw a decline of nearly 3.5% on the day of Huang’s presentation, partially due to weaker technology stocks overall. The company introduced several new products, such as the upgraded Blackwell Ultra, the next-generation Vera Rubin GPU system set for 2026, and Vera Rubin Ultra slated for 2027. Additionally, new AI-optimized workstations known as DGX Spark and DGX Station were announced, alongside AI-based software to enhance efficiency in facilities such as warehouses and factories. Nvidia is also developing Dynamo, an open-source AI operating system, and Isaac GR00T N1 to advance humanoid robot development.
Furthermore, Nvidia revealed collaborations with General Motors in areas including robotic integration in production processes, software for designing improved vehicles, particularly electrics, and AI applications for vehicles. The company’s partnerships in advanced driver-assistance systems also include BYD, Mercedes-Benz, and Rivian.
Despite these advancements, Nvidia’s stock faced challenges, closing at $115.39, making it one of the poorer performers among the S&P 500 and Nasdaq-100 stocks. The stock fell 24.7% from its 52-week high on January 7. Some contributing factors to this performance include a broader market downturn after consecutive rally days and the fact that many product announcements had been previously anticipated. Additionally, some investors had expected an update to Nvidia’s financial guidance, which Huang did not address. Other technology stocks, including Tesla, Apple, and Meta Platforms, also experienced declines on the same day.
