🟢 QCOM is trading 3.1% up today tracking a firmer tech open and Tenstorrent acquisition reports

Qualcomm is trading at $201.64 (+3.1%) in pre-market, reversing part of the prior session’s decline as U.S. tech futures signal a stronger open.

• The move follows reports that Qualcomm and Intel have held preliminary talks regarding a potential acquisition of AI chip startup Tenstorrent.
• The stock is benefiting from broader sector flow and a recovery in semiconductor sentiment, with the Nasdaq currently positioned to outperform.
• No official earnings or company guidance updates have been released; price action is primarily driven by market sentiment and sector-wide momentum.