Qualcomm Shares Surge 12% Amid AI Chip Partnerships and Automotive Deals
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 22 2026
0mins
Source: Newsfilter
Qualcomm shares jumped 12% on Friday and have risen 75% over the past month, reflecting market recognition of its increasingly pivotal role in the physical AI sector, with the stock reaching record highs.
Qualcomm announced a deal with Stellantis to utilize its Snapdragon processors in vehicles, enhancing unified computing power across the entire vehicle and expected to improve driving experiences and accelerate automotive intelligence. Additionally, Qualcomm is partnering with OpenAI to develop an AI chip aimed at launching a phone with an AI-based operating system, with analysts believing this will restore Qualcomm's former glory and lead the connected device revolution.
The implications of these partnerships and product launches are significant, as they position Qualcomm at the forefront of the AI and automotive technology sectors, potentially driving further growth and innovation in the coming years.
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Analyst Views on QCOM
Wall Street analysts forecast QCOM stock price to fall
16 Analyst Rating
10 Buy
5 Hold
1 Sell
Moderate Buy
Current: 243.290
Low
165.00
Averages
197.14
High
225.00
Current: 243.290
Low
165.00
Averages
197.14
High
225.00
About QCOM
Qualcomm Incorporated is engaged in the development and commercialization of foundational technologies for the wireless industry, including third generation (3G), fourth generation (4G) and fifth generation (5G) wireless connectivity, and high-performance and low-power computing, including on-device artificial intelligence. Its segments include Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL) and Qualcomm Strategic Initiatives. QCT develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies, including radio frequency front-end, digital cockpit and advanced driver assistance and automated driving, Internet of things including consumer electronic devices, industrial devices and edge networking products. QTL grants licenses or otherwise provides rights to use portions of its intellectual property portfolio that includes certain patent rights essential to and/or useful in the manufacture and sale of certain wireless products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Market Transformation Strategy: Qualcomm is shifting focus from the handset market to sectors like automotive, IoT, and data centers, and if its AI strategy is successfully implemented, it could accelerate revenue growth and narrow the gap with Arm.
- Investor Focus: Despite Arm's stock rising nearly 600% over the past three years, Qualcomm's growth is also noteworthy, especially during its transformation, prompting investors to closely monitor its performance in AI and consumer devices.
See More
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