Nvidia Stock Climbs as CEO Prepares to Reveal New Chips at GTC Conference

Shares of Nvidia Corporation (NVDA) surged more than 2% in morning trading on Monday as CEO Jensen Huang took the stage at the company’s annual GTC developer conference in San Jose, California. The four-day event, widely dubbed the “Super Bowl of AI,” is expected to deliver major announcements on next-generation chips, software platforms, and artificial intelligence infrastructure. Investors and industry watchers have gathered at a hockey arena seating more than 18,000 attendees, underscoring the outsized significance of the event for the global AI ecosystem. With Nvidia now the world’s most valuable listed company at a market capitalization exceeding $4.3 trillion, the stakes for Huang’s keynote have never been higher.

GTC 2026: What Jensen Huang Is Expected to Reveal

At the heart of this year’s GTC conference is the anticipated unveiling of Nvidia’s next-generation AI chip, internally called Feynman — named after the legendary American physicist Richard Feynman. The new chip is expected to represent a significant leap forward in Nvidia’s hardware roadmap as the company works to maintain its commanding lead in AI accelerator technology.

Huang is also expected to speak at length about Nvidia’s chip programming platform CUDA, data center architecture, AI agents, and physical AI applications including robotics. A major area of focus will be Groq, the chip startup from which Nvidia licensed inference computing technology for $17 billion in December 2025. Groq specializes in fast, cost-efficient “inference” work, the process by which a trained AI model answers questions or makes real-time predictions, an area of growing strategic importance as companies like OpenAI, Anthropic, and Meta shift from model training toward serving hundreds of millions of end users.

Analysts also expect Nvidia to elaborate on its $2 billion investments each in photonics firms Lumentum and Coherent, which produce laser-based interconnects for transmitting data between chips at high speed. These investments signal Nvidia’s intent to shape the full stack of AI infrastructure, from silicon to the optical networking layer that binds large-scale data centers together.

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NVDA Stock Snapshot: Price, Trends, and Key Metrics

As of approximately 10:14 AM EDT on March 16, 2026, NVDA shares were trading at $184.27, up $4.02 or +2.23% on the day, against a previous close of $180.25. The stock opened at $182.97 and reached an intraday high of $185.05, with a day’s range of $182.87–$185.05. The broader market was also in positive territory, with the S&P 500 up 1.19%, the Nasdaq gaining 1.46%, and the Dow Jones Industrial Average rising 1.09%.

Nvidia’s 52-week range spans $86.62 to $212.19, reflecting the stock’s significant volatility over the past year. The company carries a market capitalization of approximately $4.473 trillion intraday, a trailing P/E ratio of 37.56, and an EPS of $4.90. Most recently, Q4 FY26 revenue came in at $68.13 billion with earnings of $39.55 billion, continuing a trend of quarterly beats.

The analyst consensus remains strongly bullish, with an average 12-month price target of $267.54, well above the current price, and a high target of $380.00. Cantor Fitzgerald reiterated an Overweight rating with a $300 price target as recently as March 12, 2026, while Rosenblatt holds the top analyst ranking with a Buy rating. With a profit margin of 55.60%, return on equity of 101.49%, and trailing twelve-month revenue of $215.94 billion, Nvidia’s financial profile continues to stand apart from virtually every other company in the semiconductor industry.

Disclaimer: The author does not hold or have a position in any securities discussed in the article. All stock prices were quoted at the time of writing.