{"id":836637,"date":"2026-06-01T11:02:17","date_gmt":"2026-06-01T11:02:17","guid":{"rendered":"https:\/\/www.europesays.com\/us\/836637\/"},"modified":"2026-06-01T11:02:17","modified_gmt":"2026-06-01T11:02:17","slug":"arm-ibm-and-hewlett-packard-soar-nvidia-chip-extends-software-rally","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/836637\/","title":{"rendered":"Arm, IBM and Hewlett Packard soar; Nvidia chip extends software rally"},"content":{"rendered":"

Software stocks spiked ahead of Monday’s opening bell after Nvidia<\/a> CEO Jensen Huang<\/a> unveiled plans for a new chip that will power personal computers.<\/p>\n

Investors are piling into a range of computer-related names on the first trading day of June, with ServiceNow<\/a> leading the premarket rise after soaring 14.4% ahead of the opening bell. IBM<\/a> surged 12.7% and Hewlett Packard<\/a> rose 12.6%. ARM<\/a> is up 12.2% before Monday’s market open, while Nebius<\/a> has added more than 2%.<\/p>\n

Speaking at Taiwan’s Computex conference on Monday, Huang unveiled the new N1X processor, made alongside\u00a0Microsoft<\/a>, which he said will spark a “reinvention of the computer\u2026.as big of a deal as the reinvention of the phone into what we now know as the smartphone.”<\/p>\n

In contrast, Nvidia’s historic push into the PC chip space sent shares in rival Intel<\/a> into retreat. Intel, in which the U.S. government holds a near-10% stake, was almost 6% lower ahead of the market open.<\/p>\n

Earlier, a rally in South Korean tech stocks<\/a> helped guide the Kospi<\/a> to a 3.7% gain. LG Electronics<\/a> ended the session up 29.9%, while Samsung Electronics<\/a> shares rose about 10.1%.<\/p>\n

Samsung and LG executives are expected to meet with Jensen Huang later this week, raising the possibility of collaboration on AI and robotics.<\/p>\n

This is a developing story. Please refresh for updates. <\/strong><\/p>\n

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Software stocks spiked ahead of Monday’s opening bell after Nvidia CEO Jensen Huang unveiled plans for a new…\n","protected":false},"author":3,"featured_media":836638,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[7],"tags":[8002,81,258888,166491,43930,8116,250641,250817,7995,342940,14229,152036,147,36660,51320,793,158,67,132,68],"class_list":["post-836637","post","type-post","status-publish","format-standard","has-post-thumbnail","category-technology","tag-arm-holdings-plc","tag-business-news","tag-first-trust-cloud-computing-etf","tag-hewlett-packard-enterprise-co","tag-intel-corp","tag-international-business-machines-corp","tag-ishares-expanded-tech-software-sector-etf","tag-ishares-semiconductor-etf","tag-kospi-index","tag-lg-electronics-inc","tag-microsoft-corp","tag-nebius-group-nv","tag-nvidia-corp","tag-samsung-electronics-co-ltd","tag-servicenow-inc","tag-software","tag-technology","tag-united-states","tag-unitedstates","tag-us"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/116674517249290944","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/836637","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=836637"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/836637\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/836638"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=836637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=836637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=836637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}