Did Nvidia ( NVDA ) do enough to reawaken the bull narrative on the chipmaker's stock at its annual developer event? Wall Street is weighing in on that.

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.

There were lots of details on powerful new AI chips such as Blackwell Ultra and Vera Rubin, which could do their part in taking civilization to a whole other level of productivity.

And of course, Huang dropped a host of big numbers around AI's potential. None were bigger than his prediction that Nvidia’s data center infrastructure revenue will hit $1 trillion by 2028.

But when all is said and done, the Street seemed to have expected it all and is now looking for truly fresh catalysts to jumpstart one of its favorite stocks.

"I think what's really been more of the nuts and bolts of the keynote [from Huang] was really just a bit more details around what we knew was already in the works," Benchmark Company analyst Cody Acree said on Yahoo Finance's Market Domination (video above). "For the most part, it was a lot of incremental details that were relatively small."

Nvidia's stock fell 3.4% by the close of trading on Tuesday. Shares only rebounded slightly in premarket trading to $116 each on Wednesday.

Year to date, the once-hot stock is down by 14% as the Street questions Nvidia's pace of future growth.

"Jensen delivered the goods and gave the grand AI vision for Nvidia, and that’s what long term investors want. Short term, traders wanted something more granular, and just like CES, that was unrealistic," Wedbush tech analyst and Nvidia bull Dan Ives said. "We graded this [an] A+ keynote — inflection point in AI spend."

Read more: How does Nvidia make money?

Here's what Wall Street is saying more widely about what Huang unveiled at Nvidia's latest GTC event. Most analysts left their price targets and ratings on the stock unchanged.

One longtime Nvidia watcher and bull — Eric Jackson of EMJ Capital — will appear in a new episode of Yahoo Finance's Opening Bid podcast today. That will air at 8:30 a.m. ET.

Stifel analyst Ruben Roy

"The GTC keynote featured updates on next-gen Blackwell Ultra, Rubin, and Rubin Ultra architectures. The keynote also featured the launch of Dynamo — NVDA's inferencing software designed for the optimization of reasoning models within data centers, which was described as the operating system for AI Factories. As was widely expected, Mr. Huang also touched on scale-out networking with the formal announcement of silicon photonics/co-packaged optics Quantum-X and Spectrum-X switches. On the enterprise infrastructure front, NVDA announced the DGX Spark and DGX Station PCs, offering AI capabilities and performance in a desktop form factor.