Nvidia's N1X processor unveiled at Computex, sparking software stock rally

Nvidia unveiled the N1X processor at Computex, co-developed with Microsoft, claiming it will reinvent personal computers as significantly as the smartphone did. The announcement drove a surge in software stocks: Nebius jumped 18%, ARM rose 14.7%, ServiceNow gained 14.4% in premarket, IBM surged 8.1%, and HPE rose 5.8%. Intel declined over 3% amid renewed competition in PC chips. LG Electronics climbed 29.9% and Samsung rose 10.1% in South Korean tech stocks, with executives expected to meet Nvidia's Jensen Huang later that week.