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Nvidia announces latest AI chip model

Nvidia announced new AI chips on Sunday before its latest model has even shipped to customers.

The new chip model is called “Rubin.” Nvidia had announced its “Blackwell” chips in March. Huang said Sunday that Nvidia plans to release new AI chip models on a “one-year rhythm.”

Shares of Nvidia are up more than 120 year-to-date even as other deep-pocketed tech companies try to compete with the AI leader.

— Jesse Pound, Rebecca Picciotto

Stock futures open little changed

Stock futures were largely unchanged shortly after 6 p.m. in New York, with the three major contracts within 0.2% of the flatline.

— Jesse Pound

Key economic reports this week

Here are some of the notable economic and corporate updates this week. All times ET:

Monday, June 3

10 a.m. Construction spending (April)

10 a.m. ISM manufacturing (May)

Tuesday, June 4

10 a.m. JOLTS job openings (April)

Earnings: Hewlett Packard Enterprise, Bath & Body Works

Wednesday, June 5

10 a.m. ISM services PMI (May)

Earnings: Campbell Soup, Dollar Tree

Thursday, June 6

8:30 a.m. Initial jobless claims

Earnings: J.M. Smucker Co.

Friday, June 7

8:30 a.m. May jobs report

— Jesse Pound, Sarah Min

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