Investors Lift Nvidia 1% Ahead of Huang’s Computex Keynote

Nvidia shares rose about 1% to $215.41 on Friday as investors awaited CEO Jensen Huang’s Computex keynote in Taipei, scheduled for Monday morning local time. The stock is up roughly 15% so far this year after Nvidia reported strong quarterly results last week.

Huang is expected to address the company’s CPU strategy, the rollout of the Rubin platform and relationships with Taiwanese suppliers. Market participants are watching for technical and commercial details that could affect demand from cloud operators and enterprise customers.

Lynx Equity described Computex as an important potential catalyst and expects Nvidia to provide additional information on an expanding CPU push. The firm highlighted a company estimate of a roughly $200 billion addressable market tied to agentic AI workloads.

Nvidia has linked Rubin, its next-generation platform management stack, to a broader $1 trillion AI systems opportunity. Investors are looking for timing and rollout specifics for Rubin and for indications of how quickly customers might adopt the platform.

Networking and data-center infrastructure are likely to come up as hyperscalers expand AI deployments that require both compute and supporting networks. Some analysts have raised concerns about competition from application-specific integrated circuits developed by large cloud providers, a factor that has affected Nvidia’s valuation multiple even as demand for its GPUs remains strong.

At an event this week marking the opening of Nvidia’s Taiwan campus, Jensen Huang announced plans to increase the company’s annual spending with Taiwanese suppliers to as much as $150 billion, up from about $100 billion currently. The announcement underscored Nvidia’s reliance on Taiwan Semiconductor Manufacturing Company as a key manufacturing partner and comes as investors consider geopolitical risks involving Taiwan and the global chip supply chain.

Investor sentiment cooled after a post-earnings pullback. Nvidia is trading at a forward price-to-earnings ratio slightly above 22 times, according to FactSet. That compares with roughly 95 times forward earnings for Intel and about 47 times for Advanced Micro Devices. The average Wall Street price target is about $294 per share, and roughly 93% of analysts covering the stock maintain Buy-equivalent ratings.

With Computex imminent, investors will assess whether Huang’s remarks provide the technical timelines and commercial specifics for Nvidia’s CPU ambitions, the Rubin rollout and supplier commitments that could influence customer demand and capital spending plans.