After NVIDIA CEO Jensen Huang delivered a keynote speech at the GTC 2025 conference, several Wall Street major firms praised the chip giant's unique ability to continue expanding its leading position in the AI field.
The智通财经APP learned that, $NVIDIA (NVDA.US)$ After CEO Jensen Huang delivered a keynote speech at the GTC 2025 conference, several major Wall Street banks praised the chip giant's unique ability to continue expanding its leading position in the AI field.
Reportedly, Huang's speech lasted nearly two hours, launching a series of new products including the next-generation chip Blackwell Ultra (GB300), the Datacenter super chip Grace Blackwell NVLink72, previewing the Vera Rubin super chip based on the next-generation Rubin GPU architecture, and releasing the open-source inference software NVIDIA Dynamo, two personal AI computers DGX Spark and DGX Station, and the first open-source humanoid robot functional model - GR00T N1, among other solutions.
However, NVIDIA's stock price fell by 3.43% on Tuesday after Huang's speech at the GTC conference.
Some Analysts believe that NVIDIA clearly still has plenty of "ammunition," including a detailed product roadmap and a vision for deeper involvement in industries like Siasun Robot&Automation and autonomous driving. However, there are two key points in Huang's speech: first, many of NVIDIA's significant opportunities will not translate into revenue sources in the short term; second, the content of his speech had basically already been anticipated by the market. This means that the market has already priced in NVIDIA's bullish prospects for the next few years.
Nonetheless, several major Wall Street banks remain bullish on NVIDIA's outlook. KeyBanc Capital Markets Analyst John Vinh stated that Huang's keynote speech featured many highlights, including Grace Blackwell NVLink72, Vera Rubin, and the brand new co-packaged (CPO) Spectrum-X and Quantum-X silicon photonic network Switch.
Analysts said: "In our view, NVIDIA continues to push the performance limits through annual product iterations, maintaining its absolute leadership in the AI field. The Blackwell Ultra (GB300) adopts the same rack architecture as the GB200, so we expect this to be a fairly seamless transition, and NVIDIA will not encounter the same learning curve during the expansion of the GB200 NVL72, which will enable it to accelerate the shipment of GB NVL racks in the second half of 2025."
Wedbush analysts pointed out that all releases, including those related to robotics, further indicate that the AI revolution has not slowed down. The analysts believe that this is not just about NVIDIA itself, but a chain reaction in the Technology Industry. 'We estimate that for every dollar invested in NVIDIA chips, it will bring an 8 to 10 dollar multiplier effect across the entire technology ecosystem, with hyperscalers, Software, Datacenter construction, Cybersecurity, and Energy demands benefiting from up to 2 trillion dollars in AI capital expenditures over the next three years.'
Stifel Analyst Ruben Roy noted that NVIDIA's release of new products such as Dynamo further consolidates its leading position in AI innovation. The analyst stated: 'We continue to hold a positive view on NVIDIA's innovations in AI infrastructure, especially against the backdrop of the accelerating computing market. It is estimated that by the end of this decade, Datacenter capital expenditures will grow to approximately 1 trillion dollars annually.'
Citi analyst Atif Malik pointed out that three core points should receive investors' attention, including:
NVIDIA is expected to invest more than 1 trillion dollars in capital expenditures for Datacenter construction by 2028, significantly expanding its total addressable market (TAM);
The market performance of the Blackwell GPU exceeded expectations, with four major hyperscale Cloud Computing companies having booked 3.6 million Blackwell GPUs by 2025, while sales of the Hopper GPU in 2025 were only 1.3 million units;
NVIDIA is accelerating the advancement of its product roadmap.
Analysts said: "Overall, we are more confident in NVIDIA's leadership after listening to the keynote speech. In fact, its leading advantage seems to be further expanding."
Morgan Stanley Analyst Joseph Moore stated that although Jensen Huang's keynote speech "didn't have any major surprises," NVIDIA strongly demonstrated that the demand for AI expansion will present multiple growth cycles.
Analysts stated: "The market's current view on NVIDIA remains conservative, and we are uncertain about what factors will lead to a reversal in market sentiment. However, it is certain that the demand for AI will remain strong. Meanwhile, the concerns we hear about dedicated Integrated Circuits (ASIC) putting pressure on NVIDIA's competitiveness and gross margin will quickly dissipate in the second half of 2025, as NVIDIA's growth rate will far exceed that of ASIC competitors, and its gross margin will return to around 75%."
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