Nvidia Jumps 6% After Huang's Computex Pitch Lifts AI Spending Case
Updated
Updated · CNBC · Jun 1
Nvidia Jumps 6% After Huang's Computex Pitch Lifts AI Spending Case
4 articles · Updated · CNBC · Jun 1
Nvidia rose 6% Monday after CEO Jensen Huang used his Computex keynote to argue that "compute is revenue," helping revive confidence in AI infrastructure spending.
Oracle, Nebius and CoreWeave—companies Huang highlighted as Nvidia customers and data-center operators—climbed 9.9%, 14.5% and 14%, suggesting Wall Street saw broader AI winners beyond Nvidia.
The rally came even as oil prices spiked and U.S.-Iran peace talks hit a setback, with the S&P 500 still closing at another record high.
Cramer said the speech blunted a growing "bubble" narrative around hundreds of billions of dollars in AI buildout and reinforced his view that investors should own Nvidia alongside Amazon and Alphabet.
With hyperscalers building custom chips, is Nvidia’s dominance more fragile than its soaring stock suggests?
As a critical chip shortage grips the industry, could the entire multi-trillion dollar AI buildout grind to a halt?
Nvidia’s AI Revenue Hits $68B: Computex 2026, Strategic Shifts, and Market Uncertainties
Overview
At Computex 2026, Nvidia took center stage by showcasing its latest advancements in artificial intelligence, highlighted by CEO Jensen Huang’s keynote, which was expected to unveil the company’s first AI-powered PC chips. This event sparked immediate market excitement, with Nvidia’s stock price experiencing a notable surge. Beyond the keynote, Nvidia’s leadership, including Deepu Talla, emphasized the company’s progress in bringing AI from simulation to real-world robotics. These presentations demonstrated Nvidia’s strategic push to expand AI applications and infrastructure, signaling its commitment to driving innovation and shaping the future of AI technology.