Qualcomm impresses with AI mobile devices - Buy recommendation from NVIDIA CEO
Reading Time: 3 minutes
NVIDIA CEO Jensen Huang explicitly recommends buying Qualcomm stock and praises the strong market position of the chip developer in the mobile sector. The company is successfully diversifying towards inference AI. By 2029, half of its revenues are expected to be generated outside of smartphones. Qualcomm is working on 40 new designs for wearable AI devices, including partnerships with Meta, Samsung, and Google. Qualcomm (QCOM) has established itself over decades as a dominant supplier of mobile phone chips, but is now deliberately...
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