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Qualcomm stock soars 15% on OpenAI AI deal and new Snapdragon chips plus upbeat earnings
Business
Published on 7 May 2026
A blockbuster AI tie up fuels the surge today
Qualcomm shares jumped about 15% as investors cheered an AI partnership with OpenAI, fresh Snapdragon chip launches, and stronger-than-expected earnings. The company is also betting big on expanding AI capabilities across smartphones, data centers, automotive technology, and advanced computing. With momentum building, traders are now focused on what Qualcomm’s next AI roadmap will deliver.
- Qualcomm shares rise sharply on OpenAI-linked AI momentum
- New Snapdragon chips and stronger earnings boosted confidence
- Growth outlook spans smartphones, data centers, and AI
- Automotive and advanced computing expansion adds upside
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times