$NVIDIA (NVDA.US)$ The annual GTC conference will be held next week. Given that technology stocks are under tariff pressure, facing concerns about an economic recession, and experiencing negative market sentiment, Wedbush believes this conference could become a "turning point" for the industry.
The NVIDIA GTC conference will be held from March 17 to March 21. CEO Jensen Huang is expected to deliver a keynote speech at 1 PM Eastern Time on March 18.
The company's analyst wrote: "In the past week, we have continuously communicated with investors, discussing various scenarios regarding the 'Seven Giants' and the AI revolution, and why we remain bullish. We believe that despite the panic sell-off of technology stocks earlier this year, technology stocks will ultimately reach historical highs in the second half of 2025. We see this as the third year in an 8 to 10-year development process of the AI revolution."
Analysts acknowledged that during the early days of the Trump administration, chaotic tariff policies led to instability, putting pressure on both investor and business confidence.
Analysts stated: "We have engaged with numerous CEOs of technology companies, including both large corporations and small innovative tech firms. Their biggest concern is the uncertainty of the new 'game rules' set by the Trump administration. The continuous flow of messages from the Trump White House has made many growth-focused investors we connect with globally feel uneasy, as they worry about what changes may occur in the future."
However, they point out that this is only the third year of a potential 8 to 10-year development process in the AI field, with approximately 2 trillion dollars in future capital expenditure. The current valuations of companies like NVIDIA and Microsoft do not reflect their future growth opportunities, and this situation is likely to change once Washington implements "stabilizing" policies.
The Analyst added: "We believe that next week's NVIDIA GTC conference will become a turning point for Technology stocks, as the market will begin to refocus on the AI revolution and future large-scale Technology expenditures."
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