Nvidia stock reversed direction after a two-day slide that saw shares lose 5% as the AI chipmaker's annual GTC event failed to excite investors amid a broader market downturn.

Nvidia stock rose 1% Wednesday, stemming losses from a two-day slide that saw shares lose 5% as the AI chipmaker’s annual GTC conference failed to excite investors amid a broader market downturn.

Investors hoping for a surprise new revenue stream instead got an energetic keynote that was lacking in fresh developments.

NVIDIA (Nasdaq: NVDA) is hosting its biggest event of the year: GTC. Yesterday NVIDIA CEO Jensen Huang gave a keynote which not only was the company’s opportunity to push back on concerns weighing down its stock,

Jensen Huang, Nvidia Corp.’s chief executive officer, used his annual developer conference to address concerns that the cost of artificial intelligence computing is spiraling out of control.