Why Wall Street wasn't won over by Nvidia's big conference | TechCrunch

Last day to exhibit your breakthrough to 10,000+ tech leaders at Disrupt is on Oct 2. Book Exhibit Table Now. Disrupt doors open Oct. 13. Get your pass and bring someone with you at 50% off. REGISTER NOW. When Nvidia CEO Jensen Huang took the stage for his annual GTC keynote on Monday, the $4 trillion company’s stock started to drop. Wall Street investors, it seems, were unmoved by the leather jacket-clad founder’s bullish 2.5-hour speech. Instead, they placed more weight on AI’s uncertain future and fears of a bubble. The nervousness felt by Wall Street couldn’t be more different than the buzzy atmosphere in Silicon Valley, where confidence, not uncertainty, abounds. Huang talked for more than two hours about the company’s latest innovations, including video game graphics tech, updated networking infrastructure, autonomous vehicle deals, and a new chip designed with Groq to accelerate AI inference in the Vera Rubin system. He also threw out some eyewatering numbers about Nvidia’s business and beyond. Huang called the AI agent ecosystem a $35 trillion market and the physical AI and robotics industry a $50 trillion market. Huang also said he expects to see $1 trillion worth of purch