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

First, consider the optics: CEO Jensen Huang wore his trademark black leather motorcycle jacket at the GTC event on Tuesday, not the shiny alligator leather one he donned for a keynote at the Consumer Electronics Show earlier this year.

Nvidia stock was dropping as investors awaited the start of CEO Jensen Huang’s keynote address at the company's GTC developer conference this afternoon. Shares of the AI chip company were down 3.1% in early trading Monday to $115.

GTC, Nvidia’s biggest conference of the year, starts this week in San Jose. We're on the ground covering all the major developments. CEO Jensen Huang will give a keynote address focusing on — what else?

Nvidia offered the latest view of what's to come for the chipmaking giant today, with CEO Jensen Huang showcasing Blackwell Ultra and subsequent generations of AI chips at a company conference.