Nvidia stock price sags despite rapid-fire GTC announcements at Jensen Huang’s ‘Super Bowl of AI’

Nvidia indulged all your artificial intelligence fantasies on Tuesday at what was being called the “Super Bowl of AI.”

The chip giant’s GPU Technology Conference (GTC) was held at the SAP Center in San Jose on Tuesday, and it was—you guessed it—all about AI.

Nvidia founder and CEO Jensen Huang made several large announcements during a two-hour keynote, with plenty of meat to keep AI-hungry consumers and businesses happy. That includes partnerships with large automakers to build autonomous vehicles and even personal AI supercomputers that sit right on your desktop.

Here are some of the key announcements from Huang’s keynote:

• GM partnership: General Motors selects Nvidia to build out its self-driving vehicle fleet, incorporating the technology in manufacturing and enterprise centers, in addition to in-vehicle features.  

• Nvidia Dynamo: Dynamo is, in essence, the operating system of an AI factory, which will help companies process information to streamline AI capabilities.

• DGX Spark and DGX Station: New desktop “personal AI supercomputers” that are powered by Nvidia’s Grace Blackwell platform. The DGX Spark was announced earlier this year under the name “Digits” and will retail for $3,000. 

• Robotics: Huang talked at length about the coming iteration of “physical AI,” which includes robotics, and announced a joint project between DeepMind and Disney Research for a new robotics platform called “Newton.” Huang was even joined onstage by a Disney-like robot that resembled the titular character from Wall-E.

Huang noted that “the time has come for robots,” as the world is experiencing a shortage of human workers.

We’re “50 million short,” he said, which is what will spur the robotics revolution. With generative AI now in widespread use, and agentic AI becoming ever-more ubiquitous, it’s only a matter of time before robots and other types of “physical AI” become commonplace, too. As such, Nvidia is keen on creating the infrastructure and technology to power it all.

Investors didn’t seem too enthused by the keynote, however.

Prior to the keynote, shares of Nvidia Corp (Nasdaq: NVDA) were trading at around $118 per share, down roughly 1.5% during intraday trading. After it concluded around 3:15 p.m. ET, shares continued to sag. The stock was down more than 3.4% as of late-afternoon trading on Tuesday.

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