After Nvidia’s earnings, some analysts said the company’s annual conference could prove a meaningful catalyst for the stock — but two are now throwing cold water on that idea.

Nvidia (NVDA) is set to host its annual GTC confab next month, and GF Securities believes the widely watched event is likely to be a catalyst for the stock and the semiconductor industry itself.

Jensen Huang stepped onto the stage at Nvidia’s GPU Technology Conference Tuesday with announcements that sent shockwaves throughout the technology industry. The charismatic CEO of the world’s most ...