GTC 2025 kicks off, NVIDIA's stock price has fallen, and the market awaits Jensen Huang's speech today

On the first day of GTC 2025, the AI wave swept in.

On March 17 local time, NVIDIA's AI conference GTC 2025 officially kicked off in San Jose, USA. According to NVIDIA's official information, all tickets for the conference were sold out by the evening of the 16th.

However, in stark contrast, NVIDIA's stock price fell, closing down 1.76% overnight.

Gollob's installation "Doing Nothing With AI" guides participants into a relaxed state through brainwave measurement and reinforcement learning, allowing them to enjoy "moments of doing nothing."

• AI and Energy Efficiency Issues Attract Attention

During a roundtable discussion, group members delved into issues related to AI, energy, and climate change. NVIDIA showcased significant improvements in energy efficiency with its GPUs, indicating that technological advancements can effectively address energy consumption issues.

Josh Parker, NVIDIA's Senior Director of Corporate Sustainability, stated:

"Over the past decade, the energy efficiency of NVIDIA GPUs has improved by 100,000 times."

• BMW Showcases 3D Collaboration in Battery Assembly Factory

BMW presented the latest developments of its 3D AppStore at the conference, providing new ideas for the digital transformation of the automotive industry.

The platform supports battery assembly processes for automotive manufacturers globally, allowing engineers and designers to collaborate in a digital environment. Through virtual avatars and AI technology, engineers can better understand production processes and improve efficiency.

This demonstrates that automotive manufacturers are actively embracing digital technologies to enhance production efficiency and product quality, and companies offering 3D design, cloud services, and AI solutions may benefit from this trend.

• "Token" Becomes an Important Concept

At the GTC 2025 conference, Token emerged as an important concept, and understanding Token is crucial for grasping how AI operates.

A Token is a data unit processed by AI models during training and inference, used for prediction, generation, and reasoning, with its processing speed directly affecting the learning and response speed of AI models.

NVIDIA emphasized in an article on its official website that understanding Tokens helps investors better comprehend the fundamental components of AI technology, and reducing the cost per Token is vital for enhancing corporate profitability.

• NVIDIA Showcases New Advances in Gaming Graphics

At the conference, NVIDIA demonstrated its neural network rendering technology based on RTX Neural Shaders, which can generate textures, materials, lighting, and volumes, thereby enhancing gaming performance and image quality.

Additionally, the RTX Remix platform was officially launched, allowing modders to create RTX remakes of classic games; DLSS 4 technology has become the fastest-implemented gaming technology in NVIDIA's history, supported in over 100 games and applicationsIn addition to the above progress, the conference also showcased the application of AI technology in revolutionizing cardiac MRI analysis and diagnosis, enhancing photovoltaic power generation forecasting, and mitigating urban climate change, demonstrating its immense potential across multiple industries such as healthcare, environmental protection, and urban planning.

Today, waiting for Jensen Huang's speech

Jensen Huang will deliver a keynote speech at 1 AM Beijing time on March 19 (10 AM local time on March 18) at the SAP Center, introducing new developments in AI and accelerated computing technology.

According to previous estimates by JP Morgan, NVIDIA is expected to launch the Blackwell Ultra chip (GB300) at the conference and may disclose some details about the Rubin platform. This conference will also focus on the comprehensive upgrade of AI hardware, including higher-performance GPUs, HBM memory, stronger thermal and power management, and the CPO (Co-Packaged Optics) technology roadmap.

Currently, market sentiment towards AI remains pessimistic, with main concerns including the peak of data center AI spending in 2025, competition between GPUs and ASICs, and the reduction of TSMC's CoWoS orders. However, JP Morgan believes that the GTC conference should help revive positive sentiment in the market for AI stocks.

Rhys Williams of Wayve Capital Management stated:

“Our concern about NVIDIA is that its earnings have peaked, and the second half of the year will not be as good as they describe. Jensen Huang's speech may provide some comfort to the market, as he will tell everyone that everything is progressing smoothly and the wheels of progress will not fall off.”