Software Stocks Jump Up to 14.4% as Nvidia Unveils N1X PC Chip
Updated
Updated · CNBC · Jun 1
Software Stocks Jump Up to 14.4% as Nvidia Unveils N1X PC Chip
14 articles · Updated · CNBC · Jun 1
ServiceNow led a premarket software rally with a 14.4% jump before Monday's open, while IBM rose 12.7%, Hewlett Packard 12.6% and Arm 12.2%.
Jensen Huang triggered the move at Computex in Taiwan by unveiling Nvidia's new N1X processor, developed with Microsoft for personal computers.
Huang said the chip could drive a "reinvention of the computer" comparable to the smartphone shift, fueling bets on broader demand for PC-related software and hardware names.
The surge came on the first trading day of June, with investors piling into computer-linked stocks as the market digested Nvidia's latest push beyond AI servers.
As Nvidia enters the PC market, will new US export controls undermine its ambition to power every computer?
Will Nvidia's new AI chip be an affordable revolution or just an expensive upgrade for most PC users?
Nvidia’s N1X Debuts at Computex 2026: Can AI-Driven Arm Chips Disrupt the Windows PC Landscape?
Overview
At Computex 2026, Nvidia officially unveiled its N1X chip, marking the company’s entry into the Windows PC processor market. The N1X is positioned as a premium flagship System-on-a-Chip (SoC) for consumer laptops, while a mainstream version called the N1 was also introduced. Both chips are Arm-based CPUs and are branded under 'RTX Spark,' highlighting a strong focus on AI and graphics capabilities within the Windows on Arm ecosystem. These new SoCs are designed to power a wide range of consumer laptops, signaling Nvidia’s ambition to reshape the PC landscape with advanced AI and graphics performance.