Nvidia CEO Jensen Huang said Sunday that new AI chips are coming in 2025 and 2026. AMD's Lisa Su on Monday also gave a two-year AI chip roadmap.
Futures loom after the stock market showed resilience Friday. Nvidia CEO Huang made a big AI speech Sunday. Tesla EV rivals stepped up sales.
Nvidia's market cap soared to $2.69 trillion at the end of May, marking a nearly 25% increase during the month, as the announcement of its stock split further boosted investor enthusiasm. Microsoft maintained its position as the leading global company by market cap, rising 6.6% to $3.08 trillion in May, with shares touching record highs driven by expectations that AI will significantly boost profit growth for Microsoft and its major competitors.