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.