Nvidia's (NVDA) stock fell around 3% on Tuesday morning leading up to the company's annual GTC conference in California. CEO Jensen Huang was set to present a keynote outlining future plans for the company, with investors keen to see if there is still growth potential in the AI sector.

The stock has seen significant fluctuations in 2025, reaching a record high in early January before dropping due to concerns related to a new AI model from a Chinese firm. Despite recent losses, analyst Dan Ives remains optimistic, believing that the GTC conference will be a crucial event for the company.

During the conference, Huang is expected to introduce the Blackwell Ultra GPU as well as the Vera Rubin superchip, showcasing Nvidia's advancements in the AI field. Tech stocks, including Nvidia, have faced challenges amidst market downturns and economic uncertainty.

Analysts Ives and Stein expressed confidence in the company's future prospects, with Ives emphasizing the importance of stable policies for tech investors and the continued growth in the AI sector. Stein reiterated a Buy rating on Nvidia stock, recognizing potential concerns about AI deployment saturation among customers.