Mumbai/IBNS, June 1 -- The Nifty IT index surged nearly 4 percent on Monday after Nvidia CEO Jensen Huang expressed confidence in India's IT sector and its ability to capitalise on the artificial intelligence (AI) revolution, NDTV Profit reported.

Nvidia Chief's AI Endorsement

His remarks boosted investor sentiment, triggering a rally in technology stocks on Dalal Street.

IT Stocks Lead Market Gains

The positive momentum pushed the Nifty IT index to 30,177.50 points.

Among the major gainers:

AI To Create Opportunities, Not Replace Coders

Addressing concerns that artificial intelligence could make traditional coding jobs obsolete, Huang rejected the notion, saying AI would generate new opportunities rather than eliminate them.

He n...