QCOM is trading 3% up today at $201.52 as reports of potential acquisition talks for AI chip startup Tenstorrent boost investor sentiment.
- Qualcomm and Intel have reportedly held early-stage discussions regarding Tenstorrent, signaling continued interest in expanding AI hardware capabilities.
- The stock is recovering from a recent slide, supported by a broader rally in semiconductor names and a firmer tech sector ahead of key Nvidia earnings.
- Today's bounce helps the company regain ground after last week's sharp decline from recent highs.