Qualcomm Partners with OpenAI for Smartphone Processors Development
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 13 hours ago
0mins
Should l Buy QCOM?
Source: stocktwits
- Collaborative Development Outlook: Qualcomm is partnering with OpenAI and MediaTek to develop smartphone processors, with mass production expected in 2028, indicating Qualcomm's pivotal role in the future smartphone market, particularly in optimizing AI inference.
- Positive Market Reaction: Following the announcement, Qualcomm's (QCOM) shares surged over 6.5% in Sunday’s overnight trading, reflecting strong investor confidence in the company's growth potential, especially as AI technology becomes more prevalent.
- Earnings Expectations: Qualcomm's upcoming Q2 earnings report is anticipated to show revenue of $10.56 billion, a decline of about 2.6% year-over-year, with expected earnings of $2.58 per share, suggesting that despite challenges, the market remains optimistic about its long-term growth.
- Retail Sentiment Shift: On Stocktwits, retail sentiment around QCOM stock jumped from 'bullish' to 'extremely bullish' in the past 24 hours, with investors significantly raising their expectations for the company's future performance, with some predicting shares could exceed $250 post-earnings.
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Analyst Views on QCOM
Wall Street analysts forecast QCOM stock price to rise
16 Analyst Rating
10 Buy
5 Hold
1 Sell
Moderate Buy
Current: 148.850
Low
165.00
Averages
197.14
High
225.00
Current: 148.850
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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