Nvidia's AI event kicks off with a keynote from CEO Jensen Huang on Tuesday. GPU updates, Blackwell, Rubin, and Quantum computing will be in focus.

Nvidia’s (NVDA) stock was down by 1.76% at the market close on Monday ahead of chief executive Jensen Huang’s keynote at the GPU Technology Conference.

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.

When NVDA stock fell below the mini support zone, the mini support zone became the mini resistance zone. The chart shows that NVDA stock cut through this zone like a hot knife through butter. This is a positive. The reason behind the up move in NVDA from the lows is investor enthusiasm about Nvidia GTC.

Quantum Computing (QUBT) and D-Wave Quantum (QBTS) saw shares surge on Monday ahead of Nvidia’s (NVDA) GPU Technology Conference.