Wedbush: NVIDIA's GTC conference next week may help U.S. tech stocks "break free from the sea of suffering"
NVIDIA will hold its annual GTC conference next week, and Wedbush believes this conference could become a "turning point" for tech stocks. Tech stocks are facing tariff pressures and concerns about economic recession. Analysts state that despite the sell-off at the beginning of the year, tech stocks are expected to reach historic highs by the second half of 2025. The conference will take place from March 17 to 21, with CEO Jensen Huang delivering a keynote speech on March 18. Analysts point out that the upcoming $2 trillion in capital expenditures will drive the development of the artificial intelligence sector
According to Zhitong Finance APP, NVIDIA (NVDA.US) will hold its annual GTC conference next week. Given that technology stocks are under tariff pressure, facing concerns about economic recession, and experiencing negative market sentiment, Wedbush believes this conference could become a "turning point" for the industry.
The NVIDIA GTC conference will take place from March 17 to March 21. CEO Jensen Huang is expected to deliver a keynote speech at 1 PM Eastern Time on March 18.
The company's analysts wrote: "Over the past week, we have been continuously communicating with investors to discuss various scenarios regarding the 'Seven Giants' and the artificial intelligence revolution, and why we remain firmly bullish. We believe that despite the panic sell-off that technology stocks experienced earlier this year, they will ultimately reach historic highs in the second half of 2025. We consider this the third year of an 8 to 10-year development process of the artificial intelligence revolution."
Analysts acknowledged that the chaotic tariff policies during the early days of the Trump administration created instability, putting pressure on both investor and business confidence.
Analysts stated: "We have communicated with numerous CEOs of technology companies, including both large enterprises and small innovative tech firms. Their biggest concern is the uncertainty surrounding the new 'rules of the game' under the Trump administration. The constant stream of messages from the Trump White House has left many growth-oriented investors we encounter globally feeling uneasy, worried about what changes may occur in the future."
However, they pointed out that this is only the third year of what could be an 8 to 10-year development process in the field of artificial intelligence, with approximately $2 trillion in capital expenditures expected in the future. The current valuations of companies like NVIDIA and Microsoft (MSFT) do not reflect their future growth opportunities, and this situation is likely to change once Washington implements "stabilizing" policies.
Analysts added: "We believe that next week's NVIDIA GTC conference will mark a turning point for technology stocks, as the market will begin to refocus on the artificial intelligence revolution and future large-scale technology expenditures."