Nvidia Stock Down Ahead Of GTC News

Nvidia (NVDA) stock fell Tuesday ahead of news from the chipmaker’s GTC conference on artificial intelligence in San Jose, Calif.

Check back here for live updates from the company’s keynote presentation, set to start at 10 a.m. Pacific (1 p.m. Eastern).

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Nvidia stock has been in a downtrend ahead of the company’s GPU Technology Conference, known as GTC. GPU is short for graphics processing unit, Nvidia’s core product.

In a keynote speech, Nvidia Chief Executive Jensen Huang plans to discuss what’s next in agentic AI, robotics, accelerated computing and more, the company said.

Nvidia stock has been consolidating for the past 11 weeks at a buy point of 153.13, according to IBD MarketSurge charts. That buy point is also its all-time high, reached on Jan. 7.

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 (AVGO) and AMD (AMD). Another AI powerhouse, Super Micro (SMCI), 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 (TCEHY) 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 hashtag#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.

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