Nvidia was rising in premarket trading on Monday. Excitement over its annual GTC developers' conference looked to be helping it outperform the wider market.

Nvidia shares were up 0.83% at $122.68 in premarket trading, after climbing 5.3% on Friday. Futures tracking the S&P 500 index were down 0.6%.

Nvidia's GTC - or GPU Technology Conference - event begins on Monday, which is likely to mean a flurry of news, although CEO Jensen Huang's keynote speech on Tuesday will be the most eagerly anticipated moment. More announcements are expected on future versions of Nvidia's artificial-intelligence chips after the current Blackwell generation.

Nvidia has already said it expects to launch the B300 Blackwell chip this year, and the next-generation Rubin chip platform in 2026. However, the key factors will be how much of an improvement the new hardware is and how quickly it can ramp up production, as mass shipments of Blackwell systems have been delayed due to technological challenges.

"If Nvidia could highlight real-world data center deployments of GB200 NVL72 [server systems], underscore the upgrade advantages from B200 to B300, and clarify the B300 production timeline, it could sharpen market expectations for the B300 investment thesis," wrote Ming-Chi Kuo, a Taiwan-based analyst for TF International Securities, in a research note.

Among other chip makers, Advanced Micro Devices was dropping 0.5% and Broadcom was falling 0.8% in premarket trading.