Qualcomm Stock Gains After Jensen Huang Endorsement

Qualcomm (NASDAQ: QCOM) shares moved higher in after-hours trading on Monday, rising approximately 2% after NVIDIA (NASDAQ: NVDA) CEO Jensen Huang publicly praised the semiconductor company and encouraged investors to consider its stock.

The comments came during a discussion about the competitive landscape of the technology and semiconductor industries. Huang highlighted Qualcomm’s strength in the mobile device market, acknowledging the company’s long-standing leadership in smartphone chips and wireless technologies.

According to Huang, NVIDIA does not view mobile devices as a primary area of focus. He noted that Qualcomm has already established a strong position in the sector and continues to perform exceptionally well. Speaking candidly, Huang stated that NVIDIA is not “incredibly good” at mobile devices and suggested there is no need for the company to aggressively pursue that market when Qualcomm is already delivering strong results.

The NVIDIA chief executive went a step further by directly recommending Qualcomm to investors, saying, “Buy their stock.” The remark immediately attracted attention across financial markets and helped lift Qualcomm shares in extended trading.

Huang also joked about his influence on the stock market, noting that he had spent much of the day discussing other companies’ shares. He added that it is positive to see other businesses succeed and emphasized the importance of supporting innovation across the technology sector.

The endorsement is significant because Huang is widely regarded as one of the most influential leaders in the semiconductor industry. NVIDIA has become a dominant force in artificial intelligence chips, data centers, and high-performance computing, making Huang’s comments closely watched by investors and market analysts.

Qualcomm remains a key player in mobile processors, 5G technology, and wireless communications. The company continues to expand its presence beyond smartphones into areas such as automotive technology, AI-powered devices, and connected computing solutions.

Following Huang’s remarks, investor sentiment toward Qualcomm improved, contributing to the stock’s after-hours gains. Market participants will continue monitoring both Qualcomm and NVIDIA as demand for advanced semiconductor technologies and AI-driven innovations reshapes the global chip industry in 2026.