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.

Arqit Quantum (ARQQ) led several quantum computing stocks higher on Monday ahead of Nvidia's (NVDA) first-ever Quantum Day at its annual GTC event this week. Arqit soared about 35%, Quantum Computing (QUBT) jumped nearly 17%,

Chips to be unveiled at developer conference are expected to drive growth—but will depend on Big Tech’s spending spigot staying on full blast.

A souped-up version of Nvidia's existing Blackwell chip, Blackwell Ultra should get a performance boost over last year's chip to further speed up training and running AI models. We should also learn more about Nvidia's next-generation GPU platform,