Arm, IBM and Hewlett Packard Shares Surge as Nvidia Chip Boosts Software Rally

Software and computer-related stocks surged in premarket trading on Monday, June 1, after Nvidia CEO Jensen Huang unveiled plans for a new processor designed for personal computers. The announcement boosted investor sentiment across the technology sector, with several major names posting sharp gains before the opening bell. ServiceNow led the move higher, rising 14.4% in premarket trading. IBM advanced 12.7%, Hewlett Packard gained 12.6%, and Arm climbed 12.2%. Nebius also moved up by more than 2% ahead of the market open.

The rally followed Huang’s presentation at Taiwan’s Computex conference, where he introduced Nvidia’s new N1X processor developed with Microsoft. Huang said the chip could help drive a major transformation in personal computing, comparing its potential impact to the shift from traditional mobile phones to smartphones. His comments added momentum to a broader wave of buying in software, hardware, and semiconductor-related stocks as investors reacted to Nvidia’s deeper push into the PC market.

The new product announcement appeared to pressure rival Intel, which was trading almost 6% lower before Monday’s opening bell. Intel has long been a dominant player in personal computer processors, and Nvidia’s entry into the space intensified competition in an already closely watched semiconductor market. The decline came as investors reassessed the implications of Nvidia expanding beyond its stronghold in artificial intelligence chips and into consumer and enterprise computing.

The market reaction was not limited to the United States. In South Korea, technology shares rallied sharply and helped lift the Kospi index by 3.7%. LG Electronics ended the session with a gain of 29.9%, while Samsung Electronics rose about 10.1%. The strength in Asian tech stocks reflected optimism that Nvidia’s PC chip strategy could support broader industry growth and open the door to new partnerships.

Samsung and LG executives are expected to meet with Huang later this week, fueling speculation about possible collaboration in AI and robotics. Those discussions could further shape the competitive landscape in advanced computing and connected devices, especially as major hardware makers seek to align with Nvidia’s expanding technology platform.

The premarket surge underscored investor enthusiasm for companies positioned to benefit from renewed demand in PCs, software, and AI-related hardware. It also highlighted how quickly market expectations can shift when a leading chipmaker signals a move into a new category. With Nvidia aiming to reshape the personal computer market, traders are watching closely to see which companies gain from the change and which face new pressure.

This remains a developing story as markets open and further details emerge from Computex.