Nvidia stock stalls as investors await GTC catalyst

The article reports Nvidia's shares have moved largely sideways recently despite a more than 800% rise from end-2022 through 2024, and investors are watching the company's GTC conference in San Jose for updates on its data-center roadmap and AI revenue outlook.

Nvidia is entering its annual GTC conference while investor interest appears cautious, the article reports. The company has shown strong underlying growth, but its share price has been largely flat in recent months. The four-day AI conference begins Monday in San Jose, and Chief Executive Jensen Huang will deliver the keynote address. The article notes that a recent earnings report did not lead to sustained stock momentum. Key points: - The article notes Nvidia's shares climbed more than 800% from the end of 2022 through 2024 as demand for AI accelerator chips rose. - Shares recently traded near $180.25 and remain about 13% below their October closing record, according to the article. - The Nasdaq 100 Index gained about 5.1% over the same period referenced in the article. - Investors are expected to focus on Nvidia's long-term data-center chip roadmap and broader AI ecosystem during GTC, with Jensen Huang set to speak. - The article reports Nvidia previously indicated related AI infrastructure sales could reach roughly $500 billion by the end of 2026 and that the company said the outlook had improved earlier this year. Summary: The article describes investor hesitation leaving the stock largely sideways despite prior strong gains, and analysts broadly expect incremental updates rather than major surprises at GTC. The next scheduled event is Nvidia's four-day GTC conference in San Jose, beginning Monday, where company updates and commentary from the CEO are anticipated.