Jensen Huang is the CEO of Nvidia ( NVDA 3.70%), a company whose chips power the vast majority of artificial intelligence (AI) systems. At a technology conference last year, Huang made a bold declaration: "The next wave of AI is here. Robotics, powered by physical AI, will revolutionize industries."

U.S. stock indexes are rising Monday to recover more of the holiday-season slide that bridged the new year. The S&P 500 was 0.8% higher in early trading and on track for a second straight gain following five straight losses,

Nvidia was gaining on Monday amid further signs of strong demand for artificial-intelligence chips as CEO Jensen Huang is set to deliver a keynote speech at the CES tech show in Las Vegas on Monday. Nvidia shares were up 2.

Stocks are running in premarket trading on Monday. Here's a look at major indexes as of 8:50 a.m. ET: Nasdaq Futures: Up 205.25 (+.95%) S&P 500 Futures: Up 45.25 (+.76%) Dow Jones Futures: Up 184 (+.43%) The big story in premarket trading is that NVIDIA (Nasdaq: NVDA) and chip stocks are up big.