Top 5 Stock Market Movers on June 3, 2025: Nvidia AI Chip Launch & GameStop Surge - Prices & Updates

Market highlights for June 3, 2024, reveal key developments shaping investor decisions today.

Nvidia (NVDA) shares gained momentum after CEO Jensen Huang announced the release of their next-generation AI chip, Rubin, scheduled for 2026. The company plans to accelerate innovation by unveiling a new chip family annually, including GPUs, CPUs named Versa, and advanced networking chips featuring high-bandwidth memory.

1. Nvidia’s AI Chip Revolution Set for 2026

Nvidia is preparing to enter the trillion-dollar market club as it shifts its product launch cadence from biennial to yearly. CEO Huang's announcement at National Taiwan University highlights a strategic push to dominate AI hardware with groundbreaking GPUs and CPUs designed for enhanced AI workloads.

2. GameStop Rockets 80% on Keith Gill’s Massive Stock Reveal

GameStop (GME) experienced a dramatic premarket surge of 80% after stock influencer Keith Gill, known as "DeepF— Value" on Reddit, shared a screenshot showing his $100 million stake of 5 million shares purchased at $21.27 each. Gill’s recent social media activity, including an UNO reverse card post on platform X, rekindled excitement in meme stocks, lifting AMC Entertainment (AMC) by 26% ahead of market open.

3. AMD Challenges Nvidia with Latest AI Accelerator Chip

Advanced Micro Devices (AMD) boosted its shares by 1.3% after unveiling the MI325X accelerator at the same Taiwan trade show. CEO Lisa Su emphasized AMD’s commitment to annual product releases aimed at challenging Nvidia’s AI dominance, with the new chip available in Q4 2024.

4. OPEC+ Extends Oil Production Cuts, Plans Gradual Rollback

OPEC+ agreed to extend oil output restrictions through 2025 to stabilize prices amid weakening demand. Starting October, major producers including Saudi Arabia, UAE, Russia, and Iraq will incrementally increase production monthly, easing the current 3.66 million barrels/day cut that has been in place for over a year.

5. Paramount Shares Climb on Skydance’s $15-Per-Share Cash Offer

Paramount Global (PARA) shares surged over 6% following reports that Skydance Media proposed a premium cash buyout option for nonvoting shareholders at approximately $15 per share. This revised offer aims to address previous shareholder concerns and comes after CEO Bob Bakish’s departure amid takeover tensions.

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