Jensen Huang's praise of AI companies drives stock gains, mirroring the 'Trump bump' effect

Nvidia CEO Jensen Huang complimented AI infrastructure provider Nebius, chip design company Cadence, and hyperscaler CoreWeave on stage at a company event in Taiwan. Shares of all three companies rose as much as 10% this week following his remarks, according to an analysis from Hudson Labs.

Huang called Nebius a 'world-class AI cloud' and highlighted a design partnership with Cadence. The pattern parallels the 'Trump bump'—stock gains triggered by presidential praise—which has boosted companies like Micron (up 880% since August), Caterpillar, Ford, General Motors, and Coca-Cola following presidential endorsements.

The effect demonstrates how executive praise from industry leaders can drive near-term market movement in AI-related stocks.