🟢 QCOM is trading 12.8% up today on expanded AI strategy and Meta CPU deal

QCOM is trading 12.8% up at $223.13 after investors cheered its expanded AI data-center strategy and a new multi-generation CPU deal with Meta following the company’s June 2026 Investor Day.

• The company outlined a strategic plan to reach $40 billion in non-handset revenue by 2029, positioning itself as a primary challenger to Nvidia in AI infrastructure.
• Shares are rebounding from recent semiconductor sector weakness as markets refocus on Qualcomm's long-term growth beyond the smartphone market.