QCOM is trading 2.6% up today at $207.68 on continued enthusiasm regarding its AI chip positioning and reported interest in acquiring AI startup Tenstorrent.
- The stock is extending yesterday’s rebound and significantly outperforming a flat-to-lower broader market.
- Reports of early-stage talks with Tenstorrent have boosted sentiment around Qualcomm's long-term AI roadmap, despite no new official disclosures this morning.