Investors Eye GTC Keynote as Nvidia Shares Stall After 800% Rally
Nvidia shares have traded near $180.25 after surging over 800% from end-2022, standing roughly 13% below its October record high. Investors will watch Jensen Huang’s GTC keynote for the company’s data-center chip roadmap and updates to its $500 billion AI infrastructure sales outlook through 2026.
1. Stock Performance After 800% Run
Nvidia’s share price climbed more than 800% from the end of 2022 through 2024, driven by explosive demand for AI accelerator chips in global data centers. Despite that rally, shares have traded sideways near $180.25 and remain about 13% below the October closing record.
2. GTC Conference Focus
The annual GTC conference opens with CEO Jensen Huang delivering a keynote that investors will scrutinize for signals on Nvidia’s next growth phase. Key topics include the roadmap for next-generation data-center GPUs and strategic partnerships in the broader AI ecosystem.
3. AI Infrastructure Sales Outlook
Nvidia previously projected AI-related revenue could reach roughly $500 billion by the end of 2026, a figure analysts view as conservative given recent infrastructure investments. Market watchers expect incremental guidance tweaks rather than major surprises, meaning significant new catalysts may be needed to drive another leg higher in the stock.