YEREVAN (CoinChapter.com) — The AI cryptocurrency market reacted negatively to Nvidia’s GPU Technology Conference (GTC) as investors did not see the expected market surge. Instead of gains, the sector recorded a 2.8% decline following CEO Jensen Huang’s keynote on March 18. Nvidia’s stock also dropped, reflecting broader concerns about AI-related assets.
Nvidia Presents Blackwell Ultra and AI Roadmap
At the GTC event in San Jose, California, Nvidia introduced its latest AI chip, Blackwell Ultra, set for release in late 2025. The company also revealed its future plans, mentioning two upcoming chips, Vera Rubin in 2026 and Rubin Ultra in 2027.
Jensen Huang emphasized the importance of AI reasoning and agentic AI, which involves systems that can plan and act independently. He described recent developments in artificial intelligence, stating that the past two to three years have brought a significant transformation in AI technology.
The CEO had previously mentioned that AI agents could create massive economic opportunities. His earlier predictions helped push AI-related tokens higher after Nvidia’s fourth-quarter earnings report in February. However, the same reaction did not follow the latest chip announcements.
AI Crypto Market Declines as Expectations Fall Short
Despite Nvidia’s announcement of new AI hardware, the total market capitalization of AI-related cryptocurrencies fell by 2.8%. Investors had hoped for stronger momentum, but even with some tokens posting small gains, the market response remained weak.
The AI Applications sector recorded the most significant decline, dropping 17.6%. The AI Agent Launchpad sector also saw losses, falling 9.5%, while AI Agents dropped 7.7%. Other categories, such as AI Frameworks and Bittensor Ecosystem, declined by 2.1% and 1.7%, respectively.
Nvidia’s Stock Falls 3.4%, Extending Yearly Losses
Nvidia’s stock also faced a downturn, declining 3.4% on Tuesday, according to Google Finance. This continued its 14.0% year-to-date decline. The drop reflected concerns about AI sector growth, as investors weighed the company’s future against increasing competition.
The broader market also struggled, with technology stocks facing pressure from economic uncertainty. Competition from firms such as China’s DeepSeek, which recently introduced an affordable AI chatbot, added to concerns about Nvidia’s dominance in the AI space.
The AI sector, which had previously driven significant investment interest, is now experiencing more cautious sentiment. Nvidia’s latest announcements did not generate the expected enthusiasm, leaving AI-related markets with weaker momentum.