What Wall Street Analysts Are Saying About Nvidia’s GTC

Nvidia (NVDA) CEO Jensen Huang’s highly anticipated GTC keynote failed to deliver a big boost to the company’s stock, though analysts remain bullish on its potential for AI-driven growth. 

Shares were up 2% at $118.06 in intraday trading Wednesday, leaving the stock down about 12% for the year so far. Analysts had suggested the event could be a strong catalyst for growth.

Benchmark analysts pinned the muted market reaction on “the company’s reiteration of its previously well-discussed roadmap,” while reiterating a price target of $190.

“Although Jensen’s keynote may not have been the savior of the company’s declining stock price that many had hoped for, we question what more the company could have said,” the analysts added.

At the event, Nvidia said its Blackwell Ultra chips will launch later this year, followed by its next-generation Vera Rubin platform in 2026, and Rubin Ultra in 2027. Those announcements were largely consistent with analysts’ expectations, though Morgan Stanley said Nvidia “made a strong case” for its ability to deliver product leadership in AI through at least 2027.

The chipmaker also highlighted strong commitment from its major cloud customers as AI technology scales, Morgan Stanley said, maintaining an “overweight” rating and $162 price target.

Jefferies and Citi analysts echoed those comments, reiterating targets of $185 and $163, respectively, pointing to Nvidia’s rapid pace of AI innovation relative to its peers.