Nvidia's significant GTC conference scheduled for this week is catching the attention of investors. The event focused on artificial intelligence offers hope for a positive impact on Nvidia's stock, which has experienced a 20% decline recently. The main focus of Wall Street is to receive updates on the new Blackwell GPU launch and other projects. This event, featuring a keynote speech by Jensen Huang, is eagerly anticipated and is expected to provide a much-needed boost to the chipmaker's stock. Analysts are optimistic about Nvidia's advancements in quantum computing and AI processing, foreseeing potential significant developments during the conference. Bank of America has increased its price target for Nvidia shares, underlining the importance of updates on Blackwell, robotics, and quantum computing projects. Expectations are high for insights on Nvidia's collaboration with GM and chip demand in China, as well as the company's growth prospects for 2026. Despite volatility in the Chinese market, analysts are maintaining a positive outlook on Nvidia, emphasizing the potential for share prices to rise following the GTC conference. Melius Research has also reiterated its optimism for Nvidia ahead of the event, anticipating demonstrations of tech adoption by major cloud companies and businesses, with the possibility of unveiling the Blackwell Ultra.