Nvidia

• Marvell Technology shares surged 32%, marking the company's best single-day stock performance to date. • The rally follows a prediction by Nvidia CEO Jensen Huang, who suggested Marvell has the potential to become the next trillion-dollar company. • This growth is supported by strong financial performance, including the company beating analyst estimates for its 2027 first-quarter earnings reported in May.

• ServiceNow (NOW) shares surged 9% following an endorsement from Nvidia regarding the future of AI-driven enterprise software. • The company has set an ambitious financial target to exceed $30 billion in subscription revenue by the year 2030. • This growth is driven by a combination of strong fundamental business performance and increasing optimism surrounding AI integration.

• The Dow, S&P 500, and Nasdaq reached record highs in May, though markets experienced a slight dip early Monday. • Positive momentum was driven by optimism surrounding US-Iran peace talks and the release of a new laptop chip from Nvidia (NVDA). • Economic data showed the ISM manufacturing gauge rose to 54, surpassing both April's reading of 52.7 and economist predictions of 53.

• U.S. stocks traded near record levels on Monday as the S&P 500 hovered close to its all-time high while the Dow and Nasdaq were roughly flat to slightly lower in early trade. • Nvidia-led gains in megacap technology helped offset worries about rising oil prices after renewed tensions around the fragile U.S.-Iran ceasefire. • The market reaction matters because energy shocks can complicate the inflation outlook and reshape expectations for Federal Reserve policy.

• Nvidia is expanding its high-end AI server manufacturing capabilities by initiating hiring efforts in Vietnam and partnering with Taiwan-based Original Design Manufacturers (ODMs). • The company's expansion into the Beitou-Shilin Tech Park has significantly increased local AI power demands, prompting Taipower to implement a dual-track strategy for substation development. • These strategic moves highlight Nvidia's push to diversify its supply chain and infrastructure to support the growing global demand for AI hardware.

Firm says its RTX Spark PC chip for Microsoft Windows will let AI agents replace the mouse and keyboardBusiness live – latest updatesA new front has opened up in the battle for dominance in AI chips, as Nvidia said its latest development could replace the mouse and keyboard in how people use computers.The $5tn (£3.7tn) US semiconductor company has launched a “superchip” that puts AI capabilities into laptops and desktop computers, a move that will pit it against Intel, Apple, Qualcomm and AMD. Continue reading...

• Nvidia has unveiled a new PC "superchip" designed to challenge the market dominance of Apple and Intel in the personal computing sector. • The semiconductor is specifically paired with Microsoft Windows to enable computers to run advanced AI applications locally on the device. • This move signals a strategic shift for Nvidia to integrate its AI hardware directly into consumer PCs, potentially disrupting the traditional CPU landscape.