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.
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