Tech stocks today: Nvidia CEO calls AI 'a profit generator' at Computex Taipei, unveils new laptop processor

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raft of labor data offers insight into how artificial intelligence is affecting the workforce, more chip and cybersecurity companies release their quarterly results, and the world’s chip giants descend on Taiwan for the annual Computex Taipei conference.On June 1, Nvidia CEO Jensen Huang delivered his keynote address at the chip summit, where he stated that “AI is now a profit generator” and expanded upon the company’s products. Huang unveiled a new processor — RTX Spark — for Windows laptops and said that it’s ramping production of its Vera Rubin AI platform.In the private markets, Anthropic (ANTH.PVT) filed confidential paperwork with the Securities and Exchange Commission to go public, beating rival OpenAI (OPAI.PVT) to the punch. Last week, Anthropic announced that it had completed its Series H funding round, valuing the company at $965 billion, making the Claude Code creator the most valuable AI startup in the world.Investors continue to assess what the looming mega IPOs from Anthropic, OpenAI, and SpaceX (SPAX.PVT) mean for the booming AI and tech trade.LIVE 4 updates5 mins agoDaniel HowleyAnthropic files confidential paperwork to go public ahead of OpenAIAnthropic (ANTH.PVT) on Monday said that it filed confidential paperwork with the Securities and Exchange Commission to go public, beating rival OpenAI (OPAI.PVT) to the punch.The company said the number of shares it will offer and the stock’s price haven’t been set yet.“This gives us the option to go public after the SEC completes its review,” Anthropic said in a statement. “The proposed initial public offering will depend on market conditions and other factors.”The announcement comes just days after Anthropic said it raised $65 billion in its latest funding round at a valuation of $965 billion, pushing it past OpenAI, which was last valued at $852 billion in March.Read more here.Today at 11:34 AM UTCDaniel HowleyNvidia debuts RTX Spark processor for Windows laptops, taking aim at Intel, AMDNvidia (NVDA) is taking aim at Intel (INTC) and AMD (AMD) with the debut of its RTX Spark superchip for Windows laptops. The processor, which includes a Blackwell GPU and Grace CPU, will power laptops from manufacturers including ASUS, Dell (DELL), HP (HPQ), and Microsoft (MSFT) when it lands this fall.Unveiled during Nvidia’s GTC Taipei event, the RTX Spark, which is also coming to small desktops, is meant for customers running AI applications, content creators, and, importantly, gamers.Nvidia CEO Jensen Huang introduces the RTX Spark laptop during his keynote speech at Computex 2026 in Taipei on June 1, 2026. (I-Hwa Cheng / AFP via Getty Images) · I-HWA CHENG via Getty ImagesAccording to the company, the RTX Spark will pack upward of 128GB of memory, a massive amount for any laptop.Memory serves as a kind of temporary holding area for data the CPU needs to access quickly. Generally, the more memory, the better the overall performanceMost laptops generally pack 16GB of memory, though higher-end systems, like a top-of-the-line MacBook Pro, can be outfitted with 128GB. But to get that configuration, you’ll have to shell out a whopping $5,099.Nvidia hasn’t announced pricing for laptops running its new chip, but it did note that the first systems will target the premium market. However, it will also offer less powerful versions of the RTX Spark with less memory for use in lower-priced notebooks.Read more here.Today at 10:10 AM UTCGrace O'DonnellNvidia CEO Jensen Huang calls AI a 'profit generator': Watch his full keynote addressNvidia CEO Jensen Huang took the stage in Taipei on June 1 to kick of the Computex annual semiconductor trade show to highlight the company’s products, AI factories, and more.“Everything has changed,” Huang said. “So the first idea is that useful AI has arrived. AI is now a profit generator. AI is now a GDP generator. Behind it is a whole new kind of computing pattern, not just a large language model, but an agent. Today, almost everything we're going to talk about is going to be based on this.”Huang touted how Nvidia has evolved from being a GPU company to an AI infrastructure company and highlighted the next-generation Vera Rubin AI platform, calling the system “the most ambitious endeavor in the history of our company.”Watch Huang’s full keynote address below or on YouTube:Today at 2:30 AM UTCDaniel HowleyThe CEOs of the world's biggest chip companies are descending on TaiwanThe world’s chip giants are descending on Taiwan for the annual Computex Taipei conference this week. The gathering, which runs from June 2 through June 5, will likely feature a number of product announcements and industry updates from the likes of AMD (AMD), Intel (INTC), Nvidia (NVDA), and Qualcomm (QCOM).Nvidia kicked things off with its own GTC Taipei beginning June 1 with a keynote from CEO Jensen Huang.Nvidia CEO Jensen Huang speaks at the company-wide convention at their T17 and T18 plots in Shilin-Beitou Technology Park in Taipei on May 27, 2026. (Photo by I-Hwa Cheng / AFP via Getty Images) · I-HWA CHENG via Getty ImagesThe executive has been in Taiwan for the past several days, meeting with corporate partners and hosting an event for Nvidia’s future headquarters in the country called Nvidia Constellation, which will be home to some 4,000 workers.In a statement, Huang noted that the company has dramatically increased spending in the island nation, saying Nvidia will spend upwards of $150 billion a year in Taiwan, up from $10 billion to $15 billion just four years ago, Reuters reported.Read more here for what to expect from Computex Taipei.Terms and Privacy PolicyPrivacy & Cookie SettingsMore Info