Shares of quantum computing and artificial intelligence companies rose on Monday, as investors hoped that Nvidia would blow some life back into the beaten-down sectors with new announcements at its annual conference.

For context, in the company's first quarter of fiscal 2026 (ended Jan. 26, 2025), the data center platform generated 90.5% of Nvidia's total revenue, with gaming, auto/robotics, and pro viz accounting for 6.5%, 1.4%, and 1.3%, respectively, of total revenue. (Total doesn't add up to 100% because Nvidia has a small "other" category.)

Shares of quantum computing stocks soared on Friday ahead of Nvidia ’s appearance at an AI conference that begins on Monday. In pre-market trading, it appeared the stocks will b

US shares of the Chinese tech giant Baidu gained after the company revealed its Ernie X1 model, said to be as capable and more cost efficient than DeepSeek.

Chinese tech company Baidu said on Sunday it has launched two new artificial intelligence (AI) models, which are said to offer the same performance as the Chinese chatbot DeepSeek but at half the cost.

Chinese internet search giant Baidu released a new artificial intelligence reasoning model Sunday and made its AI chatbot services free to consumers as ferocious competition grips the sector.