Investors appear worried about the health of AI spending. But big AI customers don’t seem hesitant, an analyst notes.

The chip maker's shares are down 14% in 2025, tumbling as Donald Trump's tariffs have triggered a rotation out of tech.

GTC 2025 conference is less than a week away, and investors are anticipating a catalyst for its struggling stock could be coming. That optimism helped shares jump as much as 7.4% today. Even so, Nvidia shares have lost more than 15% so far this year,