Chip Stocks Rally as Nvidia’s Big GTC Event Is on Deck

Tiger Newspress03-16 21:40

Chip stocks rallied in morning trading on Monday. Intel rose 7%; Seagate Technology rose 6%; Micron, Western Digital, and SanDisk rose 5%; Marvell Technology, Lam Research, and Arm rose 4%; ASML and Nvidia rose 3%; AMD and TSMC rose 2%.

Nvidia’s GTC 2026, the company’s biggest event of the year, kicks off in San Jose, Calif., on Monday with a keynote from CEO Jensen Huang.

Nvidia is expected to detail its roadmap, potentially debut a new chip platform with Groq technology from a $20 billion deal, and expand into custom CPUs.

Nvidia will likely showcase its full-stack AI factory approach and proprietary optical technology for energy efficiency and higher bandwidth.

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Comments

  • MO75
    03-16 16:29
    MO75
    Nvidia saving the world economy again
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