Apple’s potential AI deal with Alphabet and Nvidia’s GPU Tech Conference sparked a renewed rally in the AI theme on Monday.
A renewed wave of investor enthusiasm toward artificial intelligence helped push the stock market higher on Monday.
Shares of Nvidia jumped just over 1% as the company hosted its annual GPU Technology Conference. Nvidia CEO Jensen Huang was kicking off a highly anticipated two-hour keynote address as the market headed into the closing bell, with investors expecting details on the company’s upcoming launch of next-generation GPU chips, including the B100, which will be the successor to its wildly popular H100.
Meanwhile, earlier in the day a report from Bloomberg helped spark a sharp rally in shares of Alphabet during the session. The search giant saw its stock price surge about 5% after Bloomberg said Apple may utilize Alphabet’s Gemini AI chatbot in its upcoming iPhone release.
