Arm Holdings shares jumped over 14% in pre-market trading on June 1, 2026. This surge followed Nvidia's announcement of a new processor designed for AI-enhanced personal computers.
Nvidia CEO Jensen Huang unveiled the chip, known as N1X or RTX Spark, at the Computex conference in Taiwan. Huang described the new hardware as a reinvention of the computer.
The processor is built on Arm architecture. Arm will collect a royalty for every chip sold, despite not manufacturing the hardware itself.
This partnership establishes Arm as a central player in the growing AI PC sector.