Nvidia held its GTC Conference in Washington, D.C., underscoring just how central the company has become to the broader economic and technological and energy agenda of the Trump administration.
CEO Jensen Huang delivered a captivating keynote that left the audience buzzing and investors buying, unveiling a broad range of products, AI-driven applications, and industrial initiatives—including plans to build new factories to support its production capacity. Building the factories to build the chips is a huge undertaking and they seem to do that right too. No stone goes unturned. They see $500B of business in the next 5 quarters.
Huang emphasized how AI is reshaping entire industries, from robotics and autonomous vehicles to manufacturing and data infrastructure, with Nvidia’s software ecosystem driving the full potential of its hardware platforms. He also highlighted Nvidia’s deep partnerships with major global companies, noting that these collaborations are only strengthening as more firms become increasingly dependent on Nvidia’s technology to power their own AI ambitions.
Risks are geopolitical and perhaps competition. However, budgets and projections from the company include a big $0 for China, and others may say, they can compete but can they? Or do they simply ride the coattail of the AI boom made possible from Nvidia?.
The market responded enthusiastically. Nvidia shares rose to $202, up $10.62 (+5.57%) on the day, after trading around $193 prior to the keynote. The rally pushed the company’s market capitalization to $4.9 trillion, a new record high—bringing Nvidia within striking distance of becoming the first company ever to reach the $5 trillion milestone.
From a technical standpoint, the stock is overbought (a risk too), but as traders know, overbought can always become more overbought when momentum and confidence converge.
If you want to rewatch the address to get a better understanding click below:
Up, up and away. To the moon.
