Shares of Nvidia’s Asian suppliers climbed on Monday as investors anticipated major announcements at the US chip giant’s annual artificial intelligence (AI) conference, the Wall Street Journal reports.
The GTC developers conference, taking place this week in San Jose, California, is expected to feature the unveiling of next-generation AI chips, which could drive Nvidia’s growth in the coming years.
Nvidia’s CEO Jensen Huang is set to deliver a keynote speech on Tuesday, where analysts expect him to introduce a revamped version of the Blackwell AI chips, reportedly called Blackwell Ultra. Additionally, Huang is likely to unveil Rubin, a new generation of AI chips expected to surpass Blackwell in performance.
The announcement of these advanced chips comes as tech giants continue investing heavily in AI infrastructure, boosting demand for high-performance semiconductor technology.
Huang will also participate in a panel discussion on Thursday alongside industry leaders, focusing on the future of quantum computing.
Anticipation around Nvidia’s AI developments fueled gains for its key Asian suppliers, which play a critical role in chip production and AI hardware development.
- Samsung Electronics saw a 5.3% jump, its largest one-day percentage gain in four months. Investors are optimistic that Nvidia might signal positive developments regarding Samsung’s high-bandwidth memory (HBM) chips, which are still under testing for use in Nvidia’s AI systems.
- SK Hynix, Nvidia’s leading supplier of HBM chips, rose as much as 2.4% before settling at 0.7% higher.
- Taiwan Semiconductor Manufacturing Company (TSMC), one of Nvidia’s largest chip suppliers, climbed 2.7% intraday before closing 1.15% higher.
- Delta Electronics, a key provider of power and thermal management systems for Nvidia’s GB200 server systems, surged 4.1%.
The gains mirrored Nvidia’s own stock performance, which surged 5.3% on Friday, leading a broader tech rebound on Wall Street. The Nasdaq rose 2.6%, while the S&P 500 gained 2.1%, marking their strongest trading day since November.
The upcoming announcements at Nvidia’s GTC conference are expected to set the stage for the next phase of AI hardware innovation. If Nvidia’s new AI chips meet performance expectations, its suppliers—including Samsung, SK Hynix, TSMC, and Delta Electronics—could see continued growth in demand.
For now, investors remain focused on Nvidia’s upcoming keynote, looking for insights into the company’s AI roadmap and its impact on the global semiconductor industry.
