Key Points
Nvidia CEO Jensen Huang stated that his company’s GPUs are not suited for mobile AI applications during a visit to Seoul, South Korea. He praised Qualcomm for its advancements in edge computing across mobile devices and automotive sectors, recommending investors to buy Qualcomm (NASDAQ: QCOM) shares.
This endorsement occurs amid the growing demand for specialized chips in AI infrastructure. Huang highlighted the differences between Nvidia’s strengths in data centers and Qualcomm’s advantages in mobile devices, specifically acknowledging Qualcomm’s success in on-device AI technology which is essential for smartphones and IoT devices.
Qualcomm’s automotive revenue grew by 38% year-over-year in Q2, reflecting its successful diversification strategy. Huang’s recognition of Qualcomm suggests that as on-device AI adoption increases, Qualcomm could see further growth in a market that requires efficient alternatives for edge-to-cloud computing.
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