U.S. Stocks Open Higher as Nvidia Slides 8.4% at the Bell

U.S. stocks opened higher Monday, but Nvidia fell 8.4%, placing a steep decline in a leading AI chipmaker against gains across major indexes and several large technology companies.

The Dow Jones Industrial Average rose 1.3% at the open. The S&P 500 and Nasdaq Composite each gained 0.8%, putting all three benchmarks in positive territory as trading began.

Google advanced 2.6% after introducing two new tensor processing units, or TPUs. The new chips were positioned as a challenge to Nvidia. Advanced Micro Devices rose 5.9%, Meta Platforms gained 3.9%, and Micron Technology added 1.9%.

Nvidia’s opening decline came amid an event involving CEO Jensen Huang. Its 8.4% drop contrasted with gains among other major technology names, including Google and AMD, leaving the early market picture split between rising indexes and a sharp loss in a prominent AI chipmaker.

Google’s TPU launch added competitive context to the session: all three major indexes opened higher while Nvidia fell sharply.