Qualcomm Shares Rise 12% on AI Chip and Auto Deals
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- Qualcomm shares jumped 12% on Friday, putting the stock up 75% over the past month and at a record high.
- Qualcomm is reportedly partnering with OpenAI to develop an AI chip for a new AI‑driven device, described as a phone with an AI‑based operating system.
- Qualcomm secured a deal with Stellantis to supply Snapdragon processors for unified compute across its vehicle lineup, covering cockpit, connectivity and advanced driver‑assist systems.
- Qualcomm reported automotive revenue rose 38% YoY to $1.3 billion, with more than one million cars already running autonomous systems on its chips.
- Qualcomm is preparing to ship its custom AI200 and AI250 data‑center accelerators later this year, targeting a large hyperscaler for early adoption.
Why it matters: Investors gain a 12% stock boost, automakers get unified AI compute for safer cars, and Qualcomm secures a foothold in edge and data‑center AI, while rivals like Nvidia risk losing market share in these fast‑growing segments.
