On a lighter note, Jensen Huang, CEO of Nvidia, a nearly $3 trillion market cap company, called himself the ‘chief revenue destroyer’. Huang was speaking at the GTC conference, which he referred to as “the Superbowl of AI,” where he unveiled a portfolio of technologies to supercharge humanoid robot development.
Nvidia stock, which is down more than 14 percent year to date, fell 3.4% on the day Nvidia CEO Jensen Huang spoke at the GTC conference. Nvidia is down 25% from its all-time highs.
Bernstein Research Senior Analyst Stacy Rasgon speaking on CNBC said that there aren’t any signs of risk as of now for the Company. A roadmap with new product launches has been given by Huang and the capex program also looks efficient.
As far as the recession is concerned, Rasgon said that may harm all firms and not just Nvidia. Regarding competition, Rasgon laughed and stated that the total cost of ownership of Nvidia chips for their customers will be significantly lower over their lifetime usage.
Rasgon’s response on Nvidia was, ‘It’s Nvidia’s game to lose’, i don’t think it isn’t showing any signs it’s losing.”
A look at NVIDIA revenues over the previous few quarters shows a consistent fall:
Nvidia Quarterly Revenue Trend–Revenue By Markets
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Here are some other major announcements made by Huang in the GTC conference on Tuesday.
At the GTC event, Huang The major announcements revolved around the integration of AI and robots, which the world has yet to witness.
“The time has come for robots,” declared Nvidia’s CEO Jensen Huang in a keynote address to Nvidia’s annual developer conference in San Jose, California on Tuesday. “Physical AI and robotics are moving at such a high pace – everyone should pay attention,” Huang added.
Huang unveiled NVIDIA Isaac GR00T N1, the world’s first open, fully customizable foundation model for generalized humanoid reasoning and skills. In addition,
GR00T N1 is the first of a family of fully customizable models that NVIDIA will pre-train and release to worldwide robotics developers — accelerating the transformation of industries challenged by global labor shortages estimated at more than 50 million people.
“The age of generalist robotics is here,” said Jensen Huang, founder and CEO of NVIDIA. “With NVIDIA Isaac GR00T N1 and new data-generation and robot-learning frameworks, robotics developers everywhere will open the next frontier in the age of AI.”
GR00T N1 can easily generalize across common tasks — such as grasping, moving objects with one or both arms, and transferring items from one arm to another — or perform multistep tasks that require long context and combinations of general skills. These capabilities can be applied across use cases such as material handling, packaging and inspection.
Huang also discussed the growing use of AI in autonomous vehicles (AVs), stating that Nvidia tech is used by companies like Tesla and Waymo. He also announces Nvidia’s partnership with GM for AI advancements, stating that the time for AVs has arrived.
Huang predicts a significant data center will be developed in the coming years, driven by increased demand for AI and a shift from human-made software to AI-made computing, resulting in a significant platform shift.
Huang stated that his company will employ the co-packaged optical technology in two new networking chips that sit in switches on top of its servers, claiming that the technology would make the chips three and a half times more energy efficient than previous generations.
Meanwhile, Huang revealed that the Blackwell Ultra NVL72 will be available in the second part of 2025, representing significant advancements. The Vera Rubin NVL 144, named for the physicist who discovered dark matter, will be released in the second half of 2026.