Nvidia disappoints market with announcements at annual event; shares fall 3%.
New chip launches and partnerships fail to prevent stock market decline; meanwhile, Hong Kong's technology market hits record highs in years.
247 - Nvidia CEO Jensen Huang unveiled a series of new company products in the artificial intelligence (AI) sector. The announcements were made on Tuesday (18) during GTC 2025, the company's annual event, held in San Jose, California. The information is from the portal Bloomberg.
Among the highlights were the new Blackwell Ultra chips and the Rubin platform, as well as strategic partnerships with companies like General Motors. However, despite expectations, the announcements failed to impress the market, resulting in a 3,4% drop in Nvidia's stock during the event.
The first announcement was of the Blackwell Ultra chip, designed to meet the growing demand for computing power in advanced AI models. In addition, the Vera Rubin platform was announced, scheduled for release in 2026, promising even more robust performance. The partnership with General Motors aims to develop AI systems for autonomous vehicles, reinforcing Nvidia's commitment to innovation in the automotive sector.
However, analysts point out that the revenue opportunities from these announcements are long-term and lack surprising innovations. These factors contributed to a negative market reaction. The absence of announcements of significant new revenue sources, and the repetition of previously discussed topics, frustrated investor expectations.
Meanwhile, on the other side of the world, Hong Kong's technology market experienced a historic day. The Hang Seng index rose 2,46%, reaching its highest level since February 2022, driven by significant gains in the technology sector.
Companies like Baidu, Alibaba, and Tencent registered significant gains, reflecting investor confidence in China's economic stimulus for the technology market and recent improving economic data.
Baidu, for example, rose 12,2%, reaching its highest level since October, after launching two new artificial intelligence models. Alibaba advanced 5,8% and Tencent gained 3,2%, contributing to the Hang Seng index's year-to-date gain of over 23%, positioning it as one of the best-performing global indices.
