Software stocks soared on Monday Nvidia CEO Jensen Huang revealed plans for a new chip that will power personal computers.
Investors flocked to a variety of computer stocks on the first trading day in June. Nevius It took the lead with an 18% jump.
arm Although it increased by 14.7%, ServiceNow The stock last rose 8.4%, leading the pre-market rally and surging 14.4%. IBM Soared 8.1%, hewlett packard It rose by 5.8%.
Speaking at the Computex conference in Taiwan on Monday, Huang announced the new N1X processor, developed in collaboration with Microsoft, and said it would spark “a reinvention of computers…an event as big as reinventing the phone into what we now know as a smartphone.”
By contrast, Nvidia’s historic foray into PC chips has boosted rival companies’ stocks. intel To retreat. Intel, in which the U.S. government owns nearly 10% of its shares, fell more than 3% in morning trading.
Prior to this, a rise in Korean high-tech stocks supported the rise in stock prices. Kospi It rose by 3.7%. LG Electronics It ended the session up 29.9%. samsung electronics The stock price rose about 10.1%.
Samsung and LG executives are scheduled to meet with Jensen Huang later this week, raising the possibility of cooperation on AI and robotics.
