Updated
Updated · The Motley Fool · Jul 6
Jensen Huang Backs Qualcomm Stock as 40-Plus AI Device Designs Expand Its Edge Push
Updated
Updated · The Motley Fool · Jul 6

Jensen Huang Backs Qualcomm Stock as 40-Plus AI Device Designs Expand Its Edge Push

2 articles · Updated · The Motley Fool · Jul 6

Summary

  • Jensen Huang told investors to “buy” Qualcomm stock during a June visit to Seoul, praising the company’s strength in mobile and on-device AI.
  • Qualcomm’s pitch rests on edge computing: its low-power chips combine CPUs, GPUs and NPUs for phones, wearables, cars and other devices running AI locally.
  • Cristiano Amon said in mid-June that Qualcomm is working on more than 40 AI-powered device designs, arguing AI agents will spread beyond smartphones into always-available personal devices.
  • A late-June deal to supply Meta with Dragonfly C1000 data-center CPUs from 2028 broadens Qualcomm beyond mobile and gives it a foothold in hyperscaler AI infrastructure.
  • Qualcomm trades at about 19 times earnings and 16 times forward earnings, a relatively modest valuation if edge AI and new server revenue scale.

Insights

Nvidia's CEO says buy Qualcomm, but analysts are cautious. Is the market missing the next big AI winner?
As Qualcomm invades the data center, can its new chip truly challenge established titans like Nvidia and AMD?