Nvidia's GTC 2023 conference promises new AI tech and potential stock boost.

Nvidia has announced a new technology called CuLitho to speed up the design and manufacturing of semiconductors. The software uses Nvidia's chips to speed up the step that sits between the software-based design of a chip and the physical fabrication of the lithography masks used to print that design on a piece of silicon. Nvidia said it is working with ASML Holding, Synopsys Inc and Taiwan Semiconductor Manufacturing Co to bring the technology to market. Huang said TSMC will start readying the technology for production in June.