Qualcomm's stock is up, fueled by renewed investor confidence in AI and data-center growth following its June Investor Day announcements, including the new Dragonfly data center portfolio and partnerships with Meta and Microsoft. Analyst sentiment is also positive, with Morgan Stanley upgrading QCOM to Equal-weight today and DZ Bank issuing a Buy rating with a $265 price target. The broader semiconductor sector is experiencing a rebound after a recent selloff, with investors refocusing on AI infrastructure.