Nvidia gains ground with all eyes on GTC AI conference

Shares of AI chip heavyweight Nvidia NVDA.O edge 0.9% higher to $122.74 in premarket trading

Co's closely watched GTC AI Conference begins Monday; CEO Jensen Huang to deliver keynote speech on Tuesday

Nvidia looks to be accelerating ramp for Blackwell 300 chip, UBS Global Research analysts say

Ramp up in Q1 and initial second quarter indications in back-end testing indicate Blackwell units tripling and up 20% to 30% quarter over quarter, respectively - UBS

However, upside growth in 2025's second half may be capped, says UBS

BofA Global Research, in a March 11 note, says it expects "attractive albeit well-expected updates" on Blackwell Ultra at GTC

Quantum computing stocks rise premarket: D-Wave Quantum up QBTS.N 4.8%, Quantum Computing QUBT.O up 15.8%, Rigetti Computing RGTI.O gains 2%, IONQ IONQ.N up 3%

Nvidia's Huang to host panel on quantum computing with representatives from firms including D-Wave, IONQ, Rigetti

NVDA shares trading at 26.32 times forward earnings, down from five year average of 41.51, as per LSEG data

NVDA shares down 9.4% year-to-date on worries about future demand sparked by China's DeepSeek, U.S. tariffs and broader selloff in U.S. equities