Nvidia Corporation (NVDA) experienced a decline in its stock price, closing down 1.76% on Monday, as anticipation builds for CEO Jensen Huang's keynote speech at the GPU Technology Conference (GTC). The stock finished the day at $119.53, marking an 11% decrease for the year. In after-hours trading, shares dipped slightly by about 0.1%.

On Tuesday, all eyes will be on Huang during his address at Nvidia’s annual developer conference, where he is expected to unveil groundbreaking advancements in artificial intelligence chips. In February, Huang hinted at exciting developments, including the Blackwell Ultra AI chip and the next-generation AI platform, Vera Rubin. He emphasized that Nvidia has "some really exciting things to share," focusing on enterprise AI, agentic AI, reasoning models, and robotics.

Analysts from Bank of America have expressed that they foresee appealing, albeit anticipated, updates on the Blackwell Ultra during the GTC. They expect Nvidia to pivot towards inferencing for reasoning models, an area where major competitors like OpenAI and Google are fiercely competing.

Additionally, Jefferies analysts noted a resurgence of interest in co-packaged optics (CPO), predicting discussions on how this optical technology will enhance AI data centers. This technological innovation is expected to play a key role in the future of computing and data processing efficiency.

Moreover, alongside Nvidia’s focus on AI, the GTC will feature a "Quantum Day" on Thursday, where developments in quantum computing will be highlighted. Stocks in this sector saw significant gains on Monday, with Quantum Computing rising by 13.12% and D-Wave climbing up by 10.15%. Executives from these companies will join Huang to discuss the future landscape of quantum computing and its potential applications.

As Jensen Huang prepares to take the stage, the tech world eagerly awaits an array of announcements that could shape the future of AI and quantum technology. Investors and tech enthusiasts alike are in for a thrilling update as Nvidia aims to solidify its position at the forefront of these revolutionary advancements. Stay tuned!