Nvidia stock drops ahead of the anticipated GTC 2025

Chip-making giant, Nvidia, had its shares see a slight dip on Monday ahead of the company’s anticipated GTC scheduled for 17 March to 21 March.

The conference which starts on Monday is Nvidia’s biggest conference of the year, with big announcements expected to come from the tech giant. According to one analyst, the company might not see sustained gains in the short-term until the release of earnings report in May.

Analysts don’t anticipate the GTC to shift Nvidia stock sentiment

Nvidia stock went down nearly 2% to 119.28 in midday trades on the stock market today.

According to Mizuho Securities trading-desk analyst Jordan Klein, investors are currently focused on a complex host of challenges that Nvidia is facing. There is a n umber of headwinds the tech giant faces ranging from tariff uncertainties to the macro-economic environment.

“Many do not believe or expect GTC to overshadow all the uncertainties and worries regarding weakening macro, tariff uncertainties, China restrictions that could take down NVidia’s revenues, weaker gross margins near term and pace of the new product ramp given supply chain challenges,” Klein said in a client note.

According to Klein, as cited by the Investors Business Daily, Nvidia is likely to talk about strong demand for graphics processing units for AI during the conference.

Nvidia CEO Jensen Huang is expected to deliver the keynote address on Tuesday at 10am Pacific time where the tech giant will highlight more about its next flagship GPU, the performance of its upcoming Blackwell Ultra, and the next-gen Rubin chips.

The company may also highlight its approach to recent quantum computing developments, it even scheduled a “quantum day,” according to TechCrunch.

“Personally, I still like Nvidia but see (the) stock as range-bound until maybe the May earnings results.”

Klein.

According to Klein, catalysts for Nvidia stock would include a stronger July-quarter outlook as well as more clarity on a rebound in gross profit margins.

Investors are also concerned about a number of issues

According to Investors Business Daily, Huang is also expected to discuss what is next for agentic AI and robotics.

As for investors, they will focus on GTC news related to shipping dates for the tech giant’s latest AI processors, according to a JPMorgan analyst Samik Chatterjee in a client note.

The ramp of Blackwell Ultra is likely be on track for the second half of this year. However, Chatterjee also highlighted an anticipation of investors scepticism about the launch timing for Rubin chips, due out in 2026.

“Although investors will continue to look for updates on the Rubin platform into 2026 given delays experienced during the transition from Hopper to Blackwell, we view the reiteration of the Blackwell Ultra ramp timing and more details in relation to Rubin as likely to be taken as a positive for the Nvidia supply chain,” said Chatterjee.

On Monday, a UBS analyst Timothy Arcuri reiterated his buy rating on Nvidia stock with a 12-month target price of 185.

Arcuri also indicated in a client note that there is still strong investor uncertainty stemming from export controls, as stakeholders are still deliberating on whether the government will impose more export controls that encompass Nvidia shipments to China and the potential impact of the diffusion rules and what they will entail.