Jensen Huang urges investors to buy Qualcomm in Seoul

Nvidia chief executive Jensen Huang, speaking in Seoul late Monday during a press tour, publicly urged investors to buy Qualcomm shares. He praised Qualcomm’s strength in mobile hardware and said Nvidia did not have a competitive edge in smartphones.

Addressing tech executives and reporters, Huang told attendees: “I don’t think we are incredibly good at mobile devices — and I don’t think it’s necessary.” He added, “They’re doing such a good job. Buy their stock.” The remarks were unscripted and drew immediate attention.

The comments triggered after-hours buying in Qualcomm shares and drew renewed investor focus. The stock saw heavy selling the following day. At the time of reporting, Qualcomm was up more than 60% year-to-date.

Qualcomm pays a dividend yield of about 1.82% and trades at roughly 27 times forward earnings. Analysts’ consensus rating stands at a “hold” with a mean price target near $185.

Huang’s remarks followed a volatile week for chipmakers. At Computex, Nvidia unveiled the RTX Spark superchip for Windows PCs, an announcement linked to the “Windows on Arm” topic where Qualcomm is active. A conservative AI revenue forecast from Broadcom contributed to a sectorwide pullback earlier in the week.

Some market strategists and investors noted the surprise endorsement moved prices quickly. Several participants tracked the immediate effect under the informal label the “Jensen Bump.”

Qualcomm remains a major supplier of mobile chips and wireless technology to smartphone makers. Nvidia’s recent product focus remains on data-center GPUs and AI computing.