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

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 shares slid Tuesday as CEO Jensen Huang gave a highly anticipated keynote address at the AI chipmaker's GTC conference. Monitor these key support and resistance levels on the stock's weekly chart.

Despite its incredible business growth, the chipmaker's shares aren't offering investors a great risk-reward trade-off at their current price.

Nvidia shares were down 0.5% at $118 in premarket trading Friday, while futures tracking the benchmark S&P 500 index were down 0.2%. The stock rose 0.9% the previous day, but is s