Nvidia shares bumped higher in early Wednesday trading, following the main event of the tech giant's developers' conference yesterday, as analysts dug into the keynote address from CEO Jensen Huang and his predictions for the AI investment landscape over the next few year.

NVIDIA continues to fuel the AI stock rally in 2024. Our analysis shows that may be the case for the foreseeable future.

Despite those updates, Nvidia stock sold off sharply during the month following GTC 2024. That may surprise some readers, but it actually fits the historical pattern. Investors have typically sold the news following Nvidia's last five GTC conferences, as shown in the chart below.

The chip giant, whose technology is powering the AI revolution, made several announcements on Tuesday. Investors did not appear to be wowed. Nvidia indulged all your artificial intelligence fantasies on Tuesday at what was being called the “Super Bowl of AI.

Jensen Huang reaffirmed Nvidia’s starring role in the AI industry during a keynote address at Nvidia’s annual GTC conference on Tuesday. Through its new open-source software, Huang showed how Nvidia can ramp up DeepSeek R1’s efficiency 30-fold.

Nvidia founder Jensen Huang kicked off the company's artificial intelligence developer conference on Tuesday by telling a crowd of thousands that AI is going through “an inflection point.” GTC 2025, heralded as “AI Woodstock,