QCOM is trading 6.3% up at $226.75 as investors react positively to the company's expanded automotive partnership and AI product momentum.
- The stock is extending gains following news that Qualcomm and Stellantis will deploy Snapdragon Digital Chassis and Ride Pilot platforms across millions of vehicles.
- The deal reinforces Qualcomm’s positioning in automotive and edge AI chips, contributing to broader tech-led market strength.