Wedbush: NVIDIA's GTC Conference Expected to Deliver Highly Positive Signals, Boosting Prospects for $4 Trillion AI Market

Stock News
Mar 16

NVIDIA is set to commence its annual GTC conference, with Wedbush Securities indicating that the technology giant is likely to provide a highly optimistic update during the event. Analysts from the firm noted in a client report that they anticipate very positive news regarding enterprise AI demand and expect CEO Jensen Huang to present an unreservedly upbeat outlook on the AI industry and its potential opportunities. They believe the potential for NVIDIA's Blackwell and Rubin chip shipments by 2026 could significantly exceed the previously stated target of $500 billion. This reinforces the projected $3 to $4 trillion AI infrastructure market opportunity facing NVIDIA by 2030, with related updates expected to be shared at the GTC conference. As NVIDIA further targets the physical AI market opportunity centered on automation and expands its AI product portfolio, updates on the product roadmap for the coming years are also likely to be on the GTC agenda. Additionally, analysts expect that, despite ongoing investor anxiety, Jensen Huang's keynote address will dedicate considerable time to discussing the practical applications of AI and focusing on a very promising outlook. The analysts added that they believe NVIDIA is at the forefront of the AI demand curve, and the GTC conference will present another opportunity to accelerate, allowing Huang and his team to maintain their lead in the competitive chip landscape during the fourth industrial revolution. The NVIDIA GTC conference will begin with Jensen Huang's keynote speech at 2:00 PM Eastern Time.

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