US Stock Market Move | NVIDIA Corporation blows the horn to enter the PC processor market, Qualcomm (QCOM.US) falls more than 7%, Intel Corporation (INTC.US) falls more than 5%.

On Monday, as NVIDIA Corporation officially sounded the horn for its entry into the personal computer (PC) core processor market, technology stocks showed mixed performance. Intel Corporation (INTC.US) and AMD Inc. (AMD.US) opened with drops of over 5%, Qualcomm (QCOM.US) dropped over 7%, Apple Inc. (AAPL.US) dropped nearly 1%, while NVIDIA Corporation (NVDA.US), Microsoft Corporation (MSFT.US) rose over 3%, and Dell Technologies, Inc. Class C (DELL.US) and HP Inc. (HPQ.US) rose over 5%. On the news front, at this year's Taipei International Computer Show (Computex), NVIDIA Corporation CEO Huang Renxun announced a brand new N1X processor and the RTX Spark super chip powered by it in his keynote speech. The first Windows PCs equipped with this chip will be launched this fall, directly challenging Intel Corporation, AMD, Qualcomm, and Apple Inc. "This is the first complete redesign and reconstruction of the PC in 40 years," declared Huang Renxun in his speech. He compared the release of RTX Spark to the birth of smartphones, stating that its core mission is to enable "Agentic AI" to run smoothly locally. RTX Spark is a highly integrated super chip that combines NVIDIA Corporation's Blackwell architecture GPU with a 20-core Grace CPU (N1X) based on Arm architecture. This CPU was customized with the participation of MediaTek and uses the 3nm advanced process from Taiwan Semiconductor Manufacturing Co., Ltd. It includes up to 128GB of LPDDR5X unified memory with a memory bandwidth of 300GB per second and native integration of the complete RTX graphics stack and DLSS 4.5 technology, as well as built-in anti-cheat support to address the longstanding gaming compatibility issues on Arm architecture Windows devices. NVIDIA Corporation positions this solution as a "performance category" for content creators, AI developers, and high-end gamers, aiming to replicate the disruption of independent GeForce GPUs to gaming laptops in the Windows notebook ecosystem. The initial product lineup includes over 30 laptops and 10 desktops from mainstream PC manufacturers, with collaboration from brands such as Microsoft Corporation, Dell Technologies, Inc. Class C, HP Inc., Asus, Lenovo, and MSI.