🟢 QCOM is trading 11.1% up today on expanded multi-year Stellantis partnership

QCOM is trading 11.1% up at $237.00 after announcing an expanded multi-year automotive partnership with Stellantis.

• The deal deepens Qualcomm’s Snapdragon-based footprint across Stellantis’ global vehicle lineup, reinforcing the company’s strategy to grow beyond smartphones into auto and AI infrastructure.
• The stock’s sharp move builds on recent gains as investors reward Qualcomm’s progress in securing large, multi-year design wins in the connected-car and infotainment market.