Nasdaq Index: Nvidia’s Ambitious Plans Could Spark US Indices Rebalancing

Pre-Market Movers: Nvidia GTC Conference Drives Market Sentiment

Tesla (TSLA) gained 1% in pre-market trading following CEO Jensen Huang’s keynote presentation at the company’s annual GTC conference in San Jose. The presentation introduced the Blackwell Ultra processor lineup and outlined an ambitious product roadmap through 2028, reinforcing the company’s dominant position in AI infrastructure.

Blackwell Architecture and Roadmap Unveiled

Huang announced Blackwell Ultra chips will ship in the second half of this year, offering 1.5 times the computing power of the recently-released standard Blackwell GPUs. The roadmap extends to the Vera Rubin NVL144 platform in 2026, delivering 50 petaflops of inference performance—more than double Blackwell’s capability—followed by Rubin Next in 2027 and Feynman in 2028. Morgan Stanley analyst Joseph Moore noted that while there were “no big surprises,” Nvidia made a “strong case there will be multiple waves of AI scaling requirements.”

Trillion-Dollar Market Opportunity

Huang projected data center investments of approximately $1 trillion by 2028 to support AI advancements, particularly for reasoning and agentic AI capabilities. “The amount of computation we need at this point as a result of agentic AI as a result of reasoning is easily a hundred times more than we thought we needed this time last year,” Huang stated. Citi analyst Atif Malik highlighted that the top four hyperscalers have already purchased 3.6 million Blackwell units for 2025, compared to 1.3 million Hopper GPUs purchased previously.

Related Market Moves

Tesla (TSLA) advanced nearly 3% after receiving approval from the California Public Utilities Commission for a passenger transportation permit, potentially opening the door for future robotaxi services.

Meanwhile, General Mills (GIS) dropped over 3% after lowering its full-year guidance and reporting disappointing third-quarter revenue of $4.84 billion, below analyst expectations of $4.96 billion. HealthEquity shares plunged 15% following weaker-than-expected quarterly earnings.

Market Forecast

The positive reception to Nvidia’s product roadmap suggests continued strength in AI-related investments, with Wedbush analysts estimating “for every $1 spent on an Nvidia chip there is an $8 to $10 multiplier across the tech ecosystem.”

KeyBanc Capital Markets analyst John Vinh noted that Nvidia “continues to push the envelope on performance with its annual cadence roadmap” and expects a “rather seamless transition” to Blackwell Ultra.

Traders should focus on upcoming financial guidance from Nvidia’s Q&A session scheduled for 15:30 GMT, which may provide additional clarity on margin expectations and supply chain readiness for the accelerated product launch cadence.

More Information in our Economic Calendar.