Nvidia Struggles to Excite Wall Street at GTC
- Liam Rhattigan
- Mar 25
- 2 min read
Nvidia’s GTC developers’ conference had all the components of a major tech showcase, AI breakthroughs, bold announcements, and even its first-ever “Quantum Day.” But, despite the company reaffirming its dominance in the AI chip world, the market didn’t quite cheer as expected. Nvidia’s stock slipped 0.7% on Friday and ended the week down about 3%. This shows the markets that even tech giants can struggle with impressing Wall Street.
At GTC, Nvidia rolled out a lot of updates on its AI platforms, anything from enterprise tools to self-driving vehicle tech. Analysts recognized the company’s ongoing innovation, but many of the announcements felt more like a continuation of the story rather than exciting new chapters to them. As William Blair analyst Sebastien Naji put it, the event didn’t offer a ton of surprises. But he still believes Nvidia is positioned well thanks to its strong presence in AI hardware with emerging areas like “physical AI” and model inference.
One of the more note-worthy moments came during “Quantum Day,” when CEO Jensen Huang restated his earlier comments suggesting quantum computing was still 15 to 20 years away from being useful. Those remarks caused doubt for investors in January, leading to a sell-off in the quantum sector. At GTC, Huang tried to clarify, saying his comments were misunderstood and that quantum has huge potential, but the damage may already be done. Stocks of companies like D-Wave, Rigetti Computing, and IonQ took another hit, falling sharply during the week.
Some experts think Huang’s honesty might’ve backfired a bit. According to Needham analyst Quinn Bolton, Huang’s suggestion that quantum computing is being misbranded as a replacement for classical systems may have added to investor confusion. Now, there’s no denying Nvidia’s continued strength in AI and advanced computing. But this week’s poor market reaction is a reminder that tech leadership alone isn’t always enough to move the stock. Investors are watching the broader economy and want a clearer picture, especially when it comes to cutting-edge tech like quantum computing.
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