Quick Read – Nvidia (NVDA) unveiled the RTX Spark superchip at Computex 2026, a chip co-developed with MediaTek running Windows on Arm (ARM) that directly competes with Qualcomm’s (QCOM) Snapdragon X PC franchise, sending shares to $220. – Qualcomm (QCOM) shares fell to $234 as…
X Spark targets the exact same PC market socket, though Qualcomm’s automotive segment grew 38% year-over-year to $1.33B and the company reported hyperscaler custom silicon shipments launching later this year. – Shares of NVIDIA (NASDAQ:NVDA) are up 4% in midday trading Monday, changing hands near $220 after the chipmaker unveiled its RTX Spark superchip at Computex 2026. The rally lifts NVDA stock well above Friday’s $211 close
The opposite story is playing out at Qualcomm (NASDAQ:QCOM). QCOM stock is down 7% to roughly $234, with an intraday low of $227, as traders price in a direct hit to its Snapdragon X PC franchise. The setup is a clean winner-loser pairing inside the AI PC chip race, with NVIDIA’s Computex blitz absorbing the spotlight and Qualcomm’s own data-center brand launch getting pushed to the side.
RTX Spark Targets Windows on Arm RTX Spark is a new NVIDIA superchip co-developed with MediaTek that runs Microsoft’s (NASDAQ:MSFT) Windows on Arm’s (NASDAQ:ARM) operating system. NVIDIA’s chip is a direct challenge Qualcomm in the Windows PC market. NVIDIA CEO Jensen Huang’s framing on the most recent earnings call still applies.