The stock price of NVIDIA (NVDA.US) soared by more than 2%, reaching $190.05 in pre-market activity. The tech giant is set to hold the GTC Washington D.C. Summit in the nation's capital from October 27 to 29. NVIDIA's CEO, Jensen Huang, is scheduled to deliver a pivotal keynote speech at 12:00 PM Eastern Time on October 28. His address will delve into crucial topics, including how AI is reshaping industries, the development of AI - related infrastructure, and the strategic roadmaps for the public sector.

According to a research report from CLSA, although the current revenues of the AI industry have not yet fully recouped the enormous investments made, there is a projection that AI industry revenues will experience a staggering 160% year - on - year growth by 2026. The firm maintains a bullish outlook on the industry's future. It continues to recommend NVIDIA, giving it an 'Outperform with High Conviction' rating and setting a target price of $270.