Nvidia’s new AI chip for PCs boosts tech shares while Brent crude rises 3% to $94 amid Middle East tensions.
Nvidia unveiled a new chip enabling AI capabilities in laptops and desktops, driving investor enthusiasm and lifting shares of Samsung and other AI-linked stocks. The announcement extends last week’s momentum in AI-related equities, overshadowing geopolitical concerns for now.
Brent crude climbed over 3% to $94 per barrel after a 2% drop on Friday, as U.S.-Iran tensions escalated with fresh military exchanges. June remains critical for energy markets, with no immediate relief in sight for supply risks in the Gulf.
Samsung shares surged 10% on Monday, fueled by shipments of its HBM4E chip and expectations of collaboration with Nvidia. The AI rally contrasts with ongoing geopolitical volatility, keeping markets on edge.