Nvidia CEO calls AI ‘a profit generator’ in keynote speech at Computex Taipei
Tech stocks ended last week with gains as the Nasdaq 100 (^NDX) crossed the 30,000 mark for the first time amid cautious optimism for an extended ceasefire agreement between the US and Iran.
The tech sector faces its next series of tests this week as a 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, particularly its Vera Rubin AI platform.
In the private markets, Anthropic (ANTH.PVT) announced last week that it had completed its Series H funding round, valuing the company at $965 billion, making the Claude Code creator more valuable than OpenAI (OPAI.PVT) and the most valuable AI startup in the world. Anthropic also released an update to its flagship Opus 4.8 model last Thursday.
Investors continue to assess what the looming mega IPOs from Anthropic, OpenAI, and SpaceX (SPAX.PVT) mean for the booming AI and tech trade.
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The CEOs of the world’s biggest chip companies are descending on Taiwan
The 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 Images The 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.
