Jensen Huang has a big vision for Nvidia NVDA, as big a vision as one can find in any U.S. company.
He wants to protect and expand the company’s giant position over the next three years with a new version of its already successful Blackwell Graphic Processing Unit and broaden Nvidia’s reach into analytic software, robotics and automotive areas.
Huang’s two-hour presentation Tuesday at the week-long Nvidia GTC Conference was well-received by its 25,000-plus attendees.Â
Attendees Tuesday included Michael Dell, CEO of Dell Technologies (DELL) , Bill McDermott, CEO of Service Now (NOW)  and Young Lu, the CEO of Fox Conn, the Taiwanese fabricator of chips and other tech equipment.
The event, first held in 2009, is often touted as “Woodstock of Artificial Intelligence.”Â
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 Wall Street was a different matter. Nvidia shares were off nearly 3.5% on the day.Â
But technology stocks were weaker overall.Â
Nvidia’s product announcements included:Â
Blackwell Ultra, a souped-up version version of its Blackwell system, which already is a hit with the tech industry. The next generation GPU system, Vera Rubin, due in 2026 and a Vera Rubin Ultra version, due in 2027. Two new workstation computers — DGX Spark and DGX Station — both designed to work with artificial intelligence applications and integrate with cloud servers.AI-based software that make, say, warehouses and manufacturing plants more efficient by building virtual models of the facilities and test outcomes before construction or renovation.  Development of Dynamo, an open-source software that Huang said would be the operating system of artificial intelligence.A platform called Isaac GR00T N1 that will “supercharge humanoid robot development.”
The Vera Rubin system is named for the late astronomer who theorized the existence of dark matter in the universe. The Blackwell GPU is named for the late David Blackwell, a renowned mathematician and expert in statistics. Â
In addition, the company announced it will work with General Motors (GM)  in three areas:Â
Add robots to the auto giant’s production processes.Provide software to design better vehicles, especially electric vehicles. Produce artificial intelligence applications for use in the vehicle.Â
Other companies that have partnered with Nvidia on advanced driver-assistance systems include Chinese EV maker BYD, German carmaker Mercedes-Benz, and U.S. EV startup Rivian (RIVN) .
Nvidia CEO Jensen Huang show off a Blackwell graphic processing units at the company’s GTC conference on Tuesday.Â
Why Nvidia shares fell
The one downside to Nvidia’s big day was the stock market’s reaction.Â
The shares fell $4.14 to $115.39 and were the 15th worst performer among Standard & Poor’s 500 stocks on the day and 9th worst among Nasdaq-100 stocks. The shares have fallen 24.7% from their 52-week high on Jan. 7.
More Wall Street Analysts:
Analyst resets Tesla stock price target tied to ‘shocking’ catalystAnalyst revamps Palantir stock price target after slumpAnalysts turn heads with Nvidia stock price target move
Some reasons for the stock’s performance:Â
Stock market sagged after rallying for two days. The Standard & Poor’s Index was off 1.1%. The Nasdaq Composite fell 1.7%.The Dow Jones industrials fell 260 points to 41,581, with Nvidia contributing 25 points of the decline. Many of the product announcements had been signaled.Some investors were hoping Huang would boost Nvidia’s financial guidance for the year. He didn’t discuss financials at all. Tesla (TSLA)  was off 5.3% to $225.37. The EV make’s shares are now off nearly 54% from their 52-week high of $488.54 reached in December. Apple (AAPL)  was off 0.6%. Facebook parent Meta Platforms (META)  slipped 3.9% to $581.59.
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