Will Nvidia Unveil New AI Chips at Its GTC Event? Wall Street Is Divided

Expectations are rising for Nvidia’s NVDA -1.58% ▼ annual GTC developer event taking place March 16-19, with analysts debating whether the company will unveil new artificial intelligence (AI) microchips at the conference.

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Nvidia is expected to introduce several new products and partnerships geared towards keeping the chipmaker atop an increasingly competitive field. But the big question heading into the conference is whether Nvidia will use the event as a platform to launch a new line of AI microchips and processors?

Analysts seem to agree that the stakes are higher at this year’s four-day event as Wall Street seeks assurances that Nvidia’s strategy of plowing profits into its AI ecosystem is worth it. Nvidia goes into this year’s GTC event facing rising competition from other chipmakers and from some of its customers who are developing their own microchips, such as Meta Platforms META -3.83% ▼ .

Inference Chips from Nvidia?

Last December, Nvidia spent $17 billion to buy Groq, a microchip startup that specializes in fast and cheap inference computing work. There is speculation that Nvidia might unveil new inference microchips at GTC. Inference chips are specialized processors designed to run trained AI models in real-world situations.

However, not every analyst is convinced that Nvidia is ready to showcase a new line of microchips. Skeptics note that Nvidia is likely preoccupied with getting its next major line of microchips, the Vera Rubin processors, out the door and delivered this year. Some don’t expect Nvidia to unveil it next microchips until this fall or possibly 2027.

Is NVDA Stock a Buy?

Nvidia’s stock has a consensus Strong Buy rating among 39 Wall Street analysts. That rating is based on 38 Buy and one Hold recommendations issued in the past three months. The average NVDA price target of $273.61 implies 49.07% upside from current levels.

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