Nvidia stock fell Tuesday despite the AI chip leader making a flurry of announcements at its GTC conference on artificial intelligence in San Jose, Calif.
The company's keynote presentation from Chief Executive Jensen Huang started at 10:08 a.m. Pacific time and lasted until 12:21 p.m.
Nvidia stock has been in a downtrend since before the GPU Technology Conference, known as GTC. GPU is short for graphics processing unit, Nvidia's core product.
On the stock market today, Nvidia dropped 3.4% to close at 115.43.
Nvidia stock is in a consolidation pattern with a buy point of 153.13, according to IBD MarketSurge charts. That buy point is also its all-time high, reached on Jan. 7.
3:29 p.m. ET
Nvidia Touts Robots
Huang wrapped up his speech with a look at physical or embodied AI, or robots, including humanoid robots. He said the world is going to need robots to meet expected labor shortages.
Huang announced a partnership on robotics with Disney and Alphabet's Google DeepMind. He was joined on stage by a cute, little, two-legged robot named Blue.
Nvidia stock was last down nearly 3% in late afternoon trades.
3:05 p.m. ET
Nvidia Chip Roadmap
Nvidia plans to follow Rubin Ultra with a processor called Feynman in 2028.
"Once a year, like clock ticks," he said about the company's product roadmap.
Plus, Nvidia revealed personal desktop AI supercomputers called DGX Spark and DGX Station. DGX Spark had been previewed at CES 2025 as Project Digits. The new systems are designed for AI developers, researchers and data scientists.
Nvidia also introduced new networking and switch technology that it claims will be a big energy saver for data centers. It announced its Nvidia Spectrum-X and Quantum-X silicon photonics networking switches. The devices fuse electronic circuits and optical communications.
The Nvidia photonics switches deliver greater power efficiency, signal integrity and network resiliency compared with current systems, the company said. The switches will be available later this year from infrastructure and system providers.
2:45 p.m. ET
Nvidia Unveils New Blackwell AI Chip
Huang officially announced that Nvidia's next-generation processor, Blackwell Ultra, will be available from hardware partners in the second half of 2025. Blackwell Ultra will help enterprises move from generative AI to more advanced AI reasoning.
"AI has made a giant leap — reasoning and agentic AI demand orders of magnitude more computing performance," Huang said. "We designed Blackwell Ultra for this moment."
Agentic AI goes beyond instruction-following to reason, plan and take actions to achieve specific goals, he said.
Nvidia also announced Blackwell Ultra server racks, full computers, new networking technology and AI inference software.
Huang detailed the company's product roadmap with Rubin in the second half of 2026 and Rubin Ultra in 2027.
Earlier in his keynote, Huang said Nvidia's current Blackwell processor has 40 times the inference performance of its predecessor, Hopper, Huang said.
"When Blackwells started shipping in volume, you couldn't give Hoppers away," he said.
He joked, "I'm the chief revenue destroyer. My sales guys are saying, 'Don't say that.' OK, there are circumstances where Hopper is fine. That's the best I can say."
"We're now in full production of Blackwell," he said. "Companies around the world are ramping these machines at scale."
Nvidia stock down 2.5%.
2:22 p.m. ET
Nvidia CEO Unveils Dynamo
The chipmaker unveiled new inferencing software called Nvidia Dynamo for scaling AI reasoning models. The software promises faster response time while reducing operating costs.
"It is essentially the operating system of an AI factory," Huang said.
In addition, Nvidia launched a family of reasoning AI models for developers and enterprises to build agentic AI platforms.
Nvidia stock is down 2.3%.
1:54 p.m. ET
GM Collaboration
AI is moving from cloud data centers to the rest of the world, Huang said. That includes enterprise information technology, wireless communications systems, manufacturing, robotics and self-driving cars, Huang said.
Nvidia is collaborating with General Motors on next-generation vehicles, factories and robots using AI, simulation and accelerated computing, he said.
"The time for autonomous vehicles has arrived," Huang said.
1:44 p.m. ET
Big AI Spending Projection
Huang predicated that data center spending will reach $1 trillion by 2028.
"AI is going through an inflection point," he said. It is changing how data centers are being built as they transition from general-purpose computing to accelerated computing, he said.
Nvidia stock down 2.4%
1:30 p.m. ET
'Super Bowl Of AI'
GTC is "jam-packed" this year because interest in AI has drawn players from across industry sectors, Huang said.
Last year, GTC was described as "the Woodstock of AI" and this year it's being called "the Super Bowl of AI," Huang said. "The only difference is, at this Super Bowl everybody wins."
Nvidia stock now down more than 2%.
1:21 p.m. ET
Nvidia CEO: 'Extraordinary Progress' With AI
Nvidia Chief Executive Jensen Huang kicked off his GTC keynote speech by saying he doesn't have a script or a teleprompter for his presentation.
"Artificial intelligence has made extraordinary progress," he said. "The last five years we've focused on generative AI."
Generative AI changed computing from a retrieval computing model to a generative computing model, he said. Now AI understands context and meaning and generates an answers, rather than retrieving data.
Over the last couple of years, agentic AI has emerged. It's the next leap forward, Huang said. Agentic AI can reason and plan actions.
Nvidia stock down more than 1%
1:12 p.m. ET
Nvidia CEO Takes Stage. AI Chip Stocks In The Red.
Nvidia CEO Jensen Huang has taken the stage. Nvidia stock still in the red. And so are AI chip rivals Broadcom and AMD. Another AI powerhouse, hardware vendor Super Micro Computer, is down more than 3%.
12:53 p.m. ET
Upbeat Nvidia News From China
Nvidia CEO Jensen Huang is about to take the stage. Meanwhile, there's some good news from China.
Earlier Tuesday, Chinese media reported that Chinese internet service provider Tencent has ordered tens of billions of yuan worth of Nvidia H20 AI chips to support its expansion into large-scale AI applications.
The incremental demand is purportedly required to support the integration of DeepSeek into WeChat.
In a client note, Wedbush Securities analyst Matt Bryson said the news is positive for Nvidia. But Nvidia's China business remains at risk from possible heightened trade restrictions imposed by the U.S. government, he said.
12: 45 p.m. ET
Nvidia Stock In The Red With Keynote Set To Begin
Nvidia shares shed more than 1% ahead of CEO Jensen Huang's keynote scheduled to begin in a few minutes. Huang is widely expected to highlight the technology giant's new AI products and initiatives at a time when there's growing concerns about the trend's direction and momentum.
"I haven't been pre-briefed (yet) on NVIDIA #GTC25 announcements, but it's not too hard to figure out what will be discussed," Patrick Moorhead, CEO of Moor Insights & Strategy said in a LinkedIn post. "You have to think of the NVIDIA opportunity pipeline in a time series."
