The highly anticipated 2024 NVIDIA GTC Conference is set to take place from March 18 to 21, marking the return of the conference offline after five years. The conference will showcase the latest breakthrough results in accelerated computing, generative AI, and humanoid robots.
NVIDIA CEO Jen-Hsun Huang will kick off the conference with a keynote speech titled “Witness the Subversive Moment of AI,” generating excitement among attendees and investors. Wall Street analysts are optimistic about NVIDIA’s performance at the conference, with 60 buy ratings and a strong stock performance despite recent volatility.
The conference is also expected to impact the US stock market, with the US 50 ETF (159577) seeing a significant increase this year, largely driven by tech leaders like NVIDIA. The ETF, which invests in the 50 largest US stocks, including heavyweights like Apple, Microsoft, and Tesla, has received substantial inflows of funds in anticipation of the conference.
Investors are particularly focused on NVIDIA’s next-generation Blackwell GPU architecture, B100 GPU, and advancements in humanoid robots. The company’s software updates, especially CUDA, are expected to strengthen its position in the market and deter users from switching to competitors like AMD and Google.
With Bank of America raising its target price on NVIDIA and analysts expecting positive outcomes from the conference, the tech giant is poised for further growth. The conference is seen as a key driver for NVIDIA’s expansion in the AI market, demonstrating the increasing impact of generative AI and potential for global computing transformation.
As investors turn to the US 50 ETF (159577) to capitalize on the strength of US stocks, the ETF’s accessibility and intraday trading opportunities make it an attractive option. With a focus on leading tech and pharmaceutical companies, the ETF provides investors with exposure to the promising sectors driving the US stock market.
Overall, the NVIDIA GTC Conference serves as a platform for the tech giant to showcase its latest innovations and solidify its position in the market. With high expectations and positive market sentiment, NVIDIA is positioned for continued success in the evolving landscape of AI and tech advancements.