Qualcomm Shares Trade Early As AI Gets Attention Over Phones

Jensen Huang strikes again, recommends buying Qualcomm stock

Nvidia chief executive Jensen Huang brought Qualcomm (QCOM) in focus late Monday, issuing an explicit public endorsement of the rival chipmaker.Speaking to tech executives and reporters during his highly anticipated press tour in Seoul, Huang praised QCOM’s dominance in mobile hardware before playfully instructing the audience to “buy their stock”The unscripted remarks caught Wall Street completely off guard, immediately triggering a wave of aft…

Qualcomm Shares Trade Early As AI Gets Attention Over Phones

Qualcomm surged 3.3% to $225.00 in early premarket trading after Nvidia CEO Jensen Huang publicly praised the company and J.P. Morgan raised its price target to $265, as investors focus on Qualcomm’s June 24 investor day and its push into AI and data-center chips beyond handsets. The post Qualcomm Shares Trade Early As AI Gets Attention Over Phones appeared first on TechStock².