Software stocks spiked ahead of Monday's opening bell after Nvidia CEO Jensen Huang unveiled plans for a new chip that will power personal computers.Investors are piling into a range of computer-related names on the first trading day of June, with ServiceNow leading the premarket rise after soaring 14.4% ahead of the opening bell. IBM surged 12.7% and Hewlett Packard rose 12.6%. ARM is up 12.2% before Monday's market open, while Nebius has added more than 2%.Speaking at Taiwan's Computex conference on Monday, Huang unveiled the new N1X processor, made alongside Microsoft, which he said will spark a "reinvention of the computer….as big of a deal as the reinvention of the phone into what we now know as the smartphone."In contrast, Nvidia's historic push into the PC chip space sent shares in rival Intel into retreat. Intel, in which the U.S. government holds a near-10% stake, was almost 6% lower ahead of the market open.Earlier, a rally in South Korean tech stocks helped guide the Kospi to a 3.7% gain. LG Electronics ended the session up 29.9%, while Samsung Electronics shares rose about 10.1%.Samsung and LG executives are expected to meet with Jensen Huang later this week, raising the possibility of collaboration on AI and robotics.This is a developing story. Please refresh for updates.