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.

Quantum computing and AI stocks rallied ahead of Nvidia’s annual GTC conference. Nvidia’s five-day event will showcase new AI advancements. Analysts anticipate updates on AI

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.)

Nvidia’s GTC developers' conference begins on Monday and CEO Jensen Huang’s keynote speech on Tuesday will be the most eagerly anticipated moment.