Nvidia (NVDA) is getting ready to host GTC next week, its annual conference that serves as a major event in the world of AI and offers a window into the tech giant’s latest progress and developments on the AI front.
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200% short exposure to NVDA with NVDSIn fact, such is the event’s importance that Truist’s William Stein – an analyst ranked 6th among thousands of Wall Street stock experts – calls it the “Super Bowl of AI.”
So, what can investors expect at this year’s event?
On the technology and product front, Stein anticipates Nvidia will make several announcements, including that Blackwell Ultra is shipping in volume and that the Vera Rubin platform remains on track to ship in the second half of 2026. The analyst also expects Nvidia to remind investors that Vera Rubin will replace the flyover cables used in Blackwell with a more advanced PCB design and provide additional details about the six chips that make up the system.
There should also be updates on the backlog and “market growth opportunity.” Nvidia has highlighted several data points over the past year, including a backlog of about $500 billion (and growing), an expected TAM expanding at roughly a 50% CAGR, and a $3 trillion to $4 trillion TAM opportunity by 2030.
“We expect NVDA will reiterate these comments (but, to tread lightly on backlog),” said the 5-star analyst, expecting that the reaffirmation of these metrics will have a “calming influence” on investors.
Supply and demand dynamics will likely be another key theme. On the supply side, constraints around leading-edge wafers, CoWoS packaging capacity, and high-bandwidth memory (HBM) are expected to continue limiting industry output in the near term, with power availability and funding also potential bottlenecks. Still, Stein believes Nvidia will stress that it anticipated many of these manufacturing challenges, that customers have already factored power constraints into their plans, and that the company remains confident in its ability to meet supply targets.
On the demand side, investors have been wary of a possible correction following rapid growth, which peaked at 265% year-over-year in 4Q23, slowed to 56% in 2Q25, and has recently begun accelerating again. While Stein thinks a downturn is inevitable at some point, the analyst believes there are currently no reliable signs it is imminent. “Instead,” he added, “all indicators including capex plans, component backlogs, and the like, have all continued to increase in the last qtr.”
As for expectations for the stock, because GTC is so widely anticipated, Stein thinks it is difficult for the event to act as a “forceful catalyst.”
“Still, we expect comments around market sizing & growth rates, along with product introductions, to be a modest positive for the stock,” he summed up.
All told, Stein assigns NVDA shares a Buy rating, backed by a $283 price target. That figure makes room for 12-month returns of 54%. (To watch Stein’s track record, click here)
The optimism is hardly limited to Stein. Across Wall Street, sentiment toward Nvidia remains overwhelmingly positive. Of the 39 recent analyst ratings, 38 recommend buying the stock, with just a single Sell, giving NVDA a Strong Buy consensus. With the average price target standing at $273.61, analysts see the shares climbing 49% over the coming year. (See Nvidia stock forecast)
Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.