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Wedbush Analyst Hails Nvidia’s AI Chips as ‘The New Oil or Gold’ Post-GTC Updates

Wedbush Analyst Hails Nvidia’s AI Chips as ‘The New Oil or Gold’ Post-GTC Updates

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Global Cryptocurrency

Published:

2025-10-29 05:03:02

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BTCCSquare news:

Daniel Ives of Wedbush declared Nvidia's AI semiconductors the lifeblood of technological advancement during the company's GTC conference, drawing parallels to oil and Gold as foundational resources. CEO Jensen Huang's unveiling of next-generation AI infrastructure, including the Grace Blackwell NVL72 system, solidified Nvidia's market dominance despite rising competition from AMD and Qualcomm.

The event catalyzed a 5% surge in Nvidia shares, edging its valuation toward $5 trillion. Huang's keynote on AI, quantum computing, and robotics underscored the company's central role in shaping the tech landscape through GPU innovation.

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