NVIDIA (Nasdaq: NVDA) is hosting its biggest event of the year: GTC. Yesterday NVIDIA CEO Jensen Huang gave a keynote which not only was the company's opportunity to push back on concerns weighing down its stock,

Nvidia's expansion into AI robotics is set to diversify its business, reducing semiconductor cyclicality and expanding its total addressable market. Read more about NVDA stock here.

Nvidia CEO Jensen Huang, on Tuesday, unveiled the company's next-generation line of chips at its annual software developer conference, aiming to reassure investors of its dominance in the rapidly evolving artificial intelligence industry.

Nvidia stock rose 1% Wednesday, stemming losses from a two-day slide that saw shares lose 5% as the AI chipmaker’s annual GTC conference failed to excite investors amid a broader market downturn.

Investors hoping for a surprise new revenue stream instead got an energetic keynote that was lacking in fresh developments.

Shares of several Nvidia partners got a lift Wednesday in the wake of CEO Jensen Huang's GTC keynote. Coherent, Lumentum, Corning, Fabrinet, and Amphenol are some of the companies that could be poised to benefit from ties to the chipmaker, JPMorgan analysts said.