Nvidia’s GTC developers' conference begins on Monday and CEO Jensen Huang’s keynote speech on Tuesday will be the most eagerly anticipated moment.

Nvidia ( NVDA) stock slid more than 1% in early trading Monday ahead of the AI chipmaker’s annual GTC conference on March 18, where CEO Jensen Huang is expected to debut the company’s upcoming AI chip, Blackwell Ultra, and a new AI superchip, Vera Rubin.

For context, in the company's first quarter of fiscal 2026 (ended Jan. 26, 2025), the data center platform generated 90.5% of Nvidia's total revenue, with gaming, auto/robotics, and pro viz accounting for 6.5%, 1.4%, and 1.3%, respectively, of total revenue. (Total doesn't add up to 100% because Nvidia has a small "other" category.)

KeyBanc analyst John Vinh describes the new CPO as “new interconnects that will allow NVDA to overcome bandwidth limits as cluster sizes continue to grow.” They expect this technology to appear in NVDA switches first, such as the NVDA Infiniband and Spectrum X products.

Rubin chips won’t ship until next year, but expectations are sky-high. Analysts project Nvidia’s data center revenue to hit $237 billion by fiscal 2027, doubling its current size. By 2029, it could surpass $300 billion, growing at an average 30% annual rate, a staggering climb for a business that’s already surged sevenfold in two years.

A souped-up version of Nvidia's existing Blackwell chip, Blackwell Ultra should get a performance boost over last year's chip to further speed up training and running AI models. We should also learn more about Nvidia's next-generation GPU platform,