Qualcomm Shares Surge 12% on OpenAI Collaboration News
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Should l Buy QCOM?
Source: CNBC
- Qualcomm Stock Surge: Qualcomm shares surged over 12% following TF International Securities analyst Ming-Chi Kuo's report that OpenAI is collaborating with Qualcomm to develop smartphone processors, significantly enhancing market expectations for Qualcomm's future growth.
- Apple Faces Competitive Pressure: Apple’s stock fell 1.5% in response to the news of Qualcomm's partnership with OpenAI, indicating potential competitive impacts that could affect Apple's market share and pricing strategies.
- Domino's Sales Outlook Misses: Domino's Pizza shares dropped 4% after the company projected U.S. same-store sales growth of only 0.9%, falling short of analysts' expectations of 2.3%, which may impact its future profitability and market confidence.
- Organon Acquisition Boosts Stock: Organon shares jumped nearly 17% after announcing that Indian drugmaker Sun Pharmaceutical Industries is acquiring it, providing immediate and compelling value to shareholders, reflecting positive market sentiment towards the transaction.
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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: 179.580
Low
165.00
Averages
197.14
High
225.00
Current: 179.580
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.
Qualcomm's Quarterly Results Exceed Expectations, Stock Soars
- Stock Surge: Qualcomm's shares soared 15.1% on Thursday, rising 45% from early April lows as of 2:03 p.m. ET, reflecting strong market enthusiasm for its performance, although profit-taking may cool the rally in the short term.
- Strong Earnings Report: For the three months ending in March, Qualcomm reported $10.6 billion in revenue and earnings of $2.65 per share, down 2% and 7% year-over-year respectively, yet both figures exceeded analyst expectations, showcasing robust performance in the handset market.
- Cautious Future Outlook: Qualcomm's revenue guidance for the ongoing fiscal third quarter is between $9.2 billion and $10.0 billion, falling short of the $10.23 billion estimate, while analysts expect earnings per share at the high end of Qualcomm's guidance of $2.10 to $2.30, necessitating close market observation.
- Data Center Business Progress: CEO Cristiano Amon confirmed that Qualcomm is entering the custom silicon space, with initial shipments expected in December to a leading hyperscaler, marking the company's first revenue from its data center chip business and potentially driving future growth.
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- Stock Performance: As of the afternoon prices on April 30, 2026, stock prices showed widespread increases, reflecting a positive market response to the improved political situation and enhancing investor confidence.
- Video Release Impact: A related video published on May 2, 2026, further heightened market attention on the ceasefire agreement, potentially attracting more investors to participate in the market.
- Economic Outlook: The ceasefire agreement not only helps alleviate market uncertainties but also lays the groundwork for future economic recovery, promoting revival and growth across various sectors.
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Qualcomm's Q2 Earnings Spark Stock Surge
- Stock Surge: Qualcomm (QCOM) saw its stock rise nearly 18% over the past few days, driven by a positive second-quarter earnings report, despite a 2% year-over-year revenue decline to $10.6 billion and a 10% drop in net income to $2.84 billion, indicating market optimism about its future.
- Analyst Price Target Increases: Major financial institutions like JPMorgan and Wells Fargo quickly raised Qualcomm's price targets, with JPMorgan increasing it to $160 while maintaining a neutral rating, reflecting a cautious outlook on the company's future despite the upward adjustment.
- Data Center Business Prospects: CEO Cristiano Amon announced that Qualcomm secured an unnamed
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- Apple's Strong Earnings: Apple Inc. (AAPL) reported Q2 revenue of $111.18 billion, exceeding the consensus of $109.66 billion, and forecasted Q3 revenue growth of 14% to 17%, significantly above the expected 9.1%, which propelled the Dow Jones Industrial Average up over 4%.
- Software Stocks Surge: Atlassian (TEAM) posted Q3 revenue of $1.79 billion, surpassing the consensus of $1.69 billion, leading to a stock price increase of over 20%, which not only boosted the software sector but also enhanced investor confidence in tech stocks.
- Oil Price Volatility: WTI crude oil prices fell more than 3% due to developments in the US-Iran agreement, temporarily easing inflation concerns and contributing to stock market gains, highlighting the energy market's influence on the overall economy.
- Weak Manufacturing Data: The April ISM manufacturing index remained unchanged at 52.7, below the expected 53.2, while the prices paid sub-index rose to a four-year high of 84.6, indicating increasing price pressures that could impact Federal Reserve policy decisions.
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- Software Stocks Surge: Atlassian (TEAM) posted Q3 revenue of $1.79 billion, surpassing the consensus of $1.69 billion, leading to a stock price increase of over 25%, which not only boosted the software sector's performance but also enhanced investor confidence in tech stocks.
- Oil Price Fluctuations: WTI crude oil prices fell more than 1% after Iran responded to the latest US amendments on the agreement, despite an early advance, indicating that inflation concerns may be easing, but geopolitical factors remain a potential risk for oil prices.
- Overall Market Performance: So far, 81% of the 303 S&P 500 companies that reported Q1 earnings have beaten estimates, with overall Q1 earnings projected to climb 12% year-over-year, suggesting that improving corporate profitability may continue to support stock market gains.
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Data Centers Drive Market to New Heights
- Market Trend Analysis: Jim Cramer highlights that the current market is primarily focused on data center stocks, with the S&P 500 reaching an all-time high on Thursday, reflecting broad stock benefits linked to the massive buildout of artificial intelligence infrastructure.
- Surging Power Demand: Quanta Services, as a key infrastructure builder, is addressing the soaring electricity demand, with Cramer emphasizing that data centers are like 'giant mouths' needing constant power, creating extensive opportunities for related businesses.
- Cross-Industry Benefits: Companies like Eaton, Vertiv, and Carrier Global are benefiting from power management and cooling needs, with Cramer suggesting this could mark the beginning of a multi-year growth cycle, indicating the data center's influence extends beyond traditional tech sectors.
- Broad Investment Opportunities: Cramer notes that the data center boom is not limited to tech, as even industrial firms like Caterpillar and real estate investment trusts like Iron Mountain are involved, suggesting this trend is becoming a full-scale industrial expansion, offering numerous investment opportunities.
See More
Qualcomm's Quarterly Results Exceed Expectations, Stock Soars
- Stock Surge: Qualcomm's shares soared 15.1% on Thursday, rising 45% from early April lows as of 2:03 p.m. ET, reflecting strong market enthusiasm for its performance, although profit-taking may cool the rally in the short term.
- Strong Earnings Report: For the three months ending in March, Qualcomm reported $10.6 billion in revenue and earnings of $2.65 per share, down 2% and 7% year-over-year respectively, yet both figures exceeded analyst expectations, showcasing robust performance in the handset market.
- Cautious Future Outlook: Qualcomm's revenue guidance for the ongoing fiscal third quarter is between $9.2 billion and $10.0 billion, falling short of the $10.23 billion estimate, while analysts expect earnings per share at the high end of Qualcomm's guidance of $2.10 to $2.30, necessitating close market observation.
- Data Center Business Progress: CEO Cristiano Amon confirmed that Qualcomm is entering the custom silicon space, with initial shipments expected in December to a leading hyperscaler, marking the company's first revenue from its data center chip business and potentially driving future growth.
See More
U.S. Stock Markets Rally Following Ceasefire Agreement
- Market Rally: U.S. stock markets experienced a rally following the ceasefire agreement at the end of March, indicating investor optimism about future economic stability, which could boost consumption and investment growth.
- Stock Performance: As of the afternoon prices on April 30, 2026, stock prices showed widespread increases, reflecting a positive market response to the improved political situation and enhancing investor confidence.
- Video Release Impact: A related video published on May 2, 2026, further heightened market attention on the ceasefire agreement, potentially attracting more investors to participate in the market.
- Economic Outlook: The ceasefire agreement not only helps alleviate market uncertainties but also lays the groundwork for future economic recovery, promoting revival and growth across various sectors.
See More
Qualcomm's Q2 Earnings Spark Stock Surge
- Stock Surge: Qualcomm (QCOM) saw its stock rise nearly 18% over the past few days, driven by a positive second-quarter earnings report, despite a 2% year-over-year revenue decline to $10.6 billion and a 10% drop in net income to $2.84 billion, indicating market optimism about its future.
- Analyst Price Target Increases: Major financial institutions like JPMorgan and Wells Fargo quickly raised Qualcomm's price targets, with JPMorgan increasing it to $160 while maintaining a neutral rating, reflecting a cautious outlook on the company's future despite the upward adjustment.
- Data Center Business Prospects: CEO Cristiano Amon announced that Qualcomm secured an unnamed
See More
Mixed Performance in US Indices as Apple’s Strong Earnings Boost Market
- Apple's Strong Earnings: Apple Inc. (AAPL) reported Q2 revenue of $111.18 billion, exceeding the consensus of $109.66 billion, and forecasted Q3 revenue growth of 14% to 17%, significantly above the expected 9.1%, which propelled the Dow Jones Industrial Average up over 4%.
- Software Stocks Surge: Atlassian (TEAM) posted Q3 revenue of $1.79 billion, surpassing the consensus of $1.69 billion, leading to a stock price increase of over 20%, which not only boosted the software sector but also enhanced investor confidence in tech stocks.
- Oil Price Volatility: WTI crude oil prices fell more than 3% due to developments in the US-Iran agreement, temporarily easing inflation concerns and contributing to stock market gains, highlighting the energy market's influence on the overall economy.
- Weak Manufacturing Data: The April ISM manufacturing index remained unchanged at 52.7, below the expected 53.2, while the prices paid sub-index rose to a four-year high of 84.6, indicating increasing price pressures that could impact Federal Reserve policy decisions.
See More
Mixed Performance in US Indices as Apple’s Strong Earnings Boost Market Sentiment
- Apple's Strong Earnings: Apple Inc. (AAPL) reported Q2 revenue of $111.18 billion, exceeding the consensus of $109.66 billion, and forecasted Q3 revenue growth of 14% to 17%, significantly above the 9.1% estimate, which propelled the Dow Jones Industrial Average up over 4%.
- Software Stocks Surge: Atlassian (TEAM) posted Q3 revenue of $1.79 billion, surpassing the consensus of $1.69 billion, leading to a stock price increase of over 25%, which not only boosted the software sector's performance but also enhanced investor confidence in tech stocks.
- Oil Price Fluctuations: WTI crude oil prices fell more than 1% after Iran responded to the latest US amendments on the agreement, despite an early advance, indicating that inflation concerns may be easing, but geopolitical factors remain a potential risk for oil prices.
- Overall Market Performance: So far, 81% of the 303 S&P 500 companies that reported Q1 earnings have beaten estimates, with overall Q1 earnings projected to climb 12% year-over-year, suggesting that improving corporate profitability may continue to support stock market gains.
See More
Data Centers Drive Market to New Heights
- Market Trend Analysis: Jim Cramer highlights that the current market is primarily focused on data center stocks, with the S&P 500 reaching an all-time high on Thursday, reflecting broad stock benefits linked to the massive buildout of artificial intelligence infrastructure.
- Surging Power Demand: Quanta Services, as a key infrastructure builder, is addressing the soaring electricity demand, with Cramer emphasizing that data centers are like 'giant mouths' needing constant power, creating extensive opportunities for related businesses.
- Cross-Industry Benefits: Companies like Eaton, Vertiv, and Carrier Global are benefiting from power management and cooling needs, with Cramer suggesting this could mark the beginning of a multi-year growth cycle, indicating the data center's influence extends beyond traditional tech sectors.
- Broad Investment Opportunities: Cramer notes that the data center boom is not limited to tech, as even industrial firms like Caterpillar and real estate investment trusts like Iron Mountain are involved, suggesting this trend is becoming a full-scale industrial expansion, offering numerous investment opportunities.
See More
