Nvidia CEO Jensen Huang is a market-mover.
His leadership of the biggest company on Earth doesn’t just have an impact on Nvidia stock. His comments have sparked major rallies—and losses—in other parts of the market.
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As the AI trade commands more and more attention, Huang’s remarks have become fodder for investors looking for the next frontier in tech.
Here are four instances when Huang’s remarks have fueled moves in various corners of the stock market.
Marvell
Marvel stock skyrocketed after Jensen Huang said it would be the next $1 trillion company. Shares climbed as much 32% on June 2 after Huang’s comments, and extended gains on Wednesday.
Recently, Micron and SK Hynix joined the $1 trillion club as surging AI-driven memory chip demand has sent memory stocks soaring.
Huang’s comments signaled to investors that Marvell could be set for similar gains. Nvidia announced a $2 billion investment in Marvell in March.
The company is a chipmaker with exposure to other areas like optical tech, which has become an emerging bottleneck in AI.
Software stocks
Software stocks soared after Snowflake’s blowout earnings report sent the stock up 36% on May 28.
Days later, Huang’s comment fueled a fresh rally in the space, piling on to the bullish sentiment that helped lift many beaten-down stocks out of their rut.
“This is actually an incredible time to be a software company,” Huang said, dismissing the fears about an AI-driven wipeout that sent the sector spiraling in the first quarter of the year.
The iShares Expanded Tech-Software Sector ETF saw nearly 6% gains on Monday, adding to the more than 6% rally the Friday before.
“A lot of people have said, ‘Jensen, AI is coming. Agentic AI is coming. Therefore, all of the software companies are going to go out of business.’ I said it’s exactly the opposite because there are going to be so many agents,” Huang said.
It’s not the first time that the CEO pushed back on the idea that AI would eat software. He said the idea that AI will replace software is the “most illogical thing in the world” as AI hype turned to fear and pummeled software stocks in the first quarter.
Quantum stocks
Huang’s comments can also send stocks lower.
Quantum stocks plunged last year after the Nvidia CEO said that practical uses for AI are decades away.
“If you said 15 years for very useful quantum computers, that would probably be on the early side. If you said 30, it’s probably on the late side,” he said. “But if you picked 20, I think a whole bunch of us would believe it.”
D-Wave Quantum, Rigetti Computing, Quantum Computing, and IonQ fell double digits, with some quantum names recording as much as 50% declines.
Later in the year, Huang actually turned bullish and took back his earlier comments about quantum, sparking a move in the opposite direction after he said the technology is at an “inflection point.”
Quantum stocks have seen significant gains in 2026 driven by investment from the Trump administration and computing updates from Nvidia.
Dell
Dell stock popped after Huang called out the company on Nvidia’s earnings call in 2024.
The stock gained roughly 4% in the trading session after the CEO underlined the the chipmaker’s ethernet efforts and called out Dell specifically within its partner ecosystem.
During this time, Nvidia strengthened its Dell ties with its AI factory projects helping the legacy player secure its place in the AI era.
More recently, Dell has seen massive gains after its latest earnings report as legacy computer company benefits from AI spending on hardware.
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Dell stock has more than tripled since the start of 2026.
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