Shares of Nvidia (NVDA) have remained down during GTC 2026, despite a steady stream of product announcements and AI updates from the company. While the stock hasn’t reacted as sharply as some investors expected, analysts remain bullish, citing Nvidia’s expanding AI ecosystem, strong demand for its GPUs, and long-term growth potential as key reasons for optimism. NVDA stock dropped 0.84% on Wednesday and is down nearly 2% over the past five days.
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New trading tool for NVDA bearsFor context, the GTC (GPU Technology Conference) is Nvidia’s annual event, running March 16–19 in San Jose, California, highlighting Nvidia’s cutting-edge products and partnerships.
Why Nvidia Stock Is Falling at GTC 2026
TD Cowen’s top-rated analyst Joshua Buchalter highlighted that Nvidia’s $4.4 trillion+ market cap and recent gains have contributed to this flat, range-bound pattern, even as the company’s fundamentals and AI growth outlook remain strong.
Meanwhile, ongoing geopolitical tensions have dampened market reactions to Nvidia’s bullish announcements. Additionally, part of NVDA’s flat trading may be tied to activity in the options market and hedging by liquidity providers, including market makers and large shareholders. These dynamics can effectively “pin” the stock near current levels. In other words, the lack of momentum may reflect market mechanics more than the company’s fundamentals.
This muted reaction also follows a familiar pattern: after the October 2025 GTC, the stock dropped 2% the next day. Year-to-date, NVDA is down about 3.27%.
Top Analysts Stay Bullish on NVDA Stock
Wall Street’s support for NVDA amid GTC 2026 remains strong and largely unified. Overall, analysts believe GTC announcements largely confirmed existing expectations rather than boosting forecasts.
Cantor Fitzgerald’s five-star-rated analyst C J Muse reiterated a Buy rating with a $300 price target, citing more than $1 trillion in bookings for Blackwell and Rubin products through 2027. He highlighted accelerating demand in inference and agentic AI as a key driver for long-term earnings, keeping Nvidia a top pick despite already high expectations around bookings.
Likewise, Truist Securities’ five-star-rated analyst William Stein maintained a Buy rating and raised his price target from $283 to $287, noting inference, agentic AI, and physical AI as major demand drivers. Stein highlighted a shift from training-focused AI to real-world applications like autonomous tech and robotics. He also noted that Nvidia’s flexible platforms and growing revenue show steady momentum with some upside potential.
What Is the Price Target on Nvidia?
According to TipRanks, NVDA stock has a Strong Buy consensus rating. Of the 41 analysts covering the stock, 40 rate it a Buy, while one rates it a Hold. Nvidia’s average price target of $274.16 implies 52% upside from current levels.
