Shares of cloud computing service providers experienced a strong rally on Monday.

Nebius (NBIS.US)

Nebius saw its stock price jump more than 14%.

CoreWeave (CRWV.US)

CoreWeave's share price climbed over 13%.

Salesforce.com (CRM.US)

Salesforce.com's stock advanced more than 7%.

ServiceNow (NOW.US)

ServiceNow shares rose over 6%.

Oracle (ORCL.US)

Oracle's stock gained nearly 3%.

This market movement followed a major AI-themed keynote speech by NVIDIA founder and CEO Jensen Huang on June 1st, delivered ahead of the Computex Taipei opening.

The clear signal from Huang's latest address is that demand for AI computing infrastructure shows no signs of retreating from its high levels.

Instead, the demand is expanding from a focus on single-point AI accelerators like AI GPUs and ASICs to encompass the entire stack of AI computing infrastructure.

This includes data center CPUs, GPUs, networking infrastructure, memory chips, data center power chains, and liquid cooling systems.

The expansion is accelerating further into systemic areas such as enterprise-level AI software operations and management systems centered around AI Agents, as well as end-device AI chips for PCs, smartphones, smart glasses, and the underlying AI computing for physical platforms like humanoid robots.