Bernstein: Nvidia and Qualcomm Lead in Humanoid Robotics Chips

Bernstein reiterated its 'Outperform' rating on Nvidia (NVDA) on June 29, stating that the AI chipmaker is a key player in the humanoid robotics space. The firm highlighted both Nvidia and Qualcomm (QCOM) as being at the forefront of developing advanced processors for this emerging sector.

Rating Change

Bernstein reiterated its 'Outperform' rating without changing the price target.

Analyst Rationale

Bernstein believes Nvidia holds a competitive edge in AI processors for humanoid robots due to its integrated platform and software. It also noted Qualcomm's strong contribution with its low-power processors suitable for edge applications.

Context

The recommendation comes amid growing interest in humanoid robotics from major tech companies. Nvidia's stock has risen over 140% in the past year, while Qualcomm's stock has gained about 50%.

What to Make of It

Bernstein's analysis underscores the strategic importance of both Nvidia and Qualcomm in the emerging humanoid robotics market, but does not constitute a buy or sell recommendation.