NVIDIA (NVDA, Financial), a leader in the tech industry, saw a notable increase of over 3.6% in its stock early in trading, reaching a price of 110.84. This rise comes as the company is set to host its annual GTC conference, which will take place from March 17 to 21.
The upcoming GTC event is expected to focus on the next generation of AI chip architecture, multimodal large model optimization, and advancements in digital twins and robotics. NVIDIA's CEO, Jensen Huang, is slated to deliver a keynote speech during the conference.
According to Rosenblatt analyst Kevin Cassidy, the market is keenly anticipating updates on NVIDIA’s technological developments and new applications in AI inference, which are expected to be showcased during the conference. This anticipation is believed to be fueling the current market enthusiasm around NVIDIA's stock.
