QUALCOMM Incorporated is trading 6.2% up now at $31,020.00 as traders extend an AI-driven rally sparked by reports of takeover talks with AI chip startup Tenstorrent and strengthened data center growth prospects.
- The surge is fueled by strategic optimism surrounding the company's expansion into the high-performance AI chip market and potential M&A activity.
- The move aligns with a broader tech-led rally in U.S. equities, reflecting strong risk-on sentiment and continued enthusiasm for semiconductor growth.