We’re live in San Jose, California.

Beside me are James Altucher, Ray Blanco, and Chris Campbell.

Nvidia CEO Jensen Huang is currently on stage at the SAP Center delivering his keynote.

If you follow technology investing closely, you already know this is one of the most important presentations of the year.

And for me personally, Nvidia is not just another stock.

It’s one of my favorite companies in the market today.

I was an early Nvidia investor and recently added more shares in my Million Mission portfolio.

Even after its massive move higher, I still believe Nvidia is the best stock to own as the AI buildout continues.

Today the stock trades at roughly 17x next year’s earnings, which is remarkably inexpensive for a company at the center of the AI revolution.

That’s why this conference matters.

GTC often sets the tone for the next phase of AI infrastructure spending.

Here are the key things I’m watching for:

How Long Will AI Spending Last?

The biggest question hanging over the semiconductor sector right now is simple: can hyperscalers keep spending at the pace we’ve seen over the past two years?

Companies like Microsoft, Amazon, Google, and Meta have collectively poured hundreds of billions into AI infrastructure.

Some investors believe that spending could slow.

Others believe we’re still in the early innings of a massive buildout.

GTC could help answer that question.

If Nvidia provides strong signals that demand remains robust, it could calm investor fears about the durability of the AI boom.

Will Nvidia Finally Give Long-Term Guidance?

Another major focus will be Nvidia’s long-term outlook.

Right now, many on Wall Street estimate that Nvidia could earn around $13 per share by 2027, a number that already assumes the success of future products like Vera Rubin.

But Nvidia has historically provided limited long-term guidance.

If Jensen Huang offers clearer targets for AI demand in 2026 or 2027, it could be a powerful catalyst for the stock.

Will Nvidia Pull Any Financial Levers?

Nvidia’s balance sheet has become enormous.

The company now holds more than $60 billion in cash, and Wall Street models project $180 billion to $240 billion in free cash flow over the next two years.

That gives Nvidia several financial levers it could pull to support the stock price if management ever felt the need – including larger share buybacks or a higher dividend.

Is the GTC conference the place where Jensen Huang announces something like that?

Probably not. GTC is primarily a developer and engineering conference focused on technology roadmaps rather than financial strategy.

But it’s still important for investors to remember that these options exist.

With Nvidia generating enormous cash flows, capital returns remain another tool Jensen can use if the company ever wants to put additional upward pressure on the stock.

DON’T MISS OUT – MARK YOUR CALENDAR NOW

James Altucher is hosting a FREE live stream tomorrow where we’ll walk through the most important developments in AI, semiconductors, and the future of technology coming out of Nvidia’s GTC conference.

This FREE live stream is happening Tuesday, March 17th at 2:00 PM ET.

It could be one of the most important events you attend all year.

We’ll share what we saw here in San Jose, what Jensen Huang announced, and what it means for the biggest tech opportunities ahead.

If you want to understand where AI investing is headed next…

You won’t want to miss it.