Nvidia’s stock experienced a notable decline on Tuesday, following a brief rally during premarket trading, as investors eagerly awaited CEO Jensen Huang’s keynote speech at the highly anticipated GTC developers’ event.

As of the latest market updates, Nvidia shares were down 0.5%, trading at $118.90 after peaking nearly 1% earlier in the session. This drop comes on the heels of a 1.8% decline on Monday, contributing to a concerning trend of 14% loss over the past month. Market analysts attribute this dip to a broader retreat from high-value technology stocks amidst growing uncertainties regarding tariffs, economic stability, and fluctuations within the U.S. market.

Despite the current downward trend, sentiment on Wall Street remains cautiously optimistic. Many investors view the upcoming GTC event as a pivotal moment that may refocus attention on Nvidia’s dominant position in the rapidly expanding artificial intelligence hardware sector. With advancements in AI technology projected to reshape various industries, Nvidia stands at the forefront, potentially positioning itself for substantial growth.

Industry experts are speculating that Huang’s address could unveil new innovations and partnerships that might amplify investor confidence and revive stock performance. As AI continues to capture both public and corporate interest, all eyes will be on Nvidia to see how it capitalizes on this transformative trend.

Will Huang’s speech be the catalyst for a stock resurgence, or is it merely a fleeting moment in a turbulent market? Investors are holding their breath as we approach this crucial event.