QUALCOMM Incorporated is trading 5.6% up now at $30440.00 amid reports of a potential acquisition and growing enthusiasm for its AI roadmap.

  • Reports suggest the company is in talks to acquire AI chip startup Tenstorrent for $8–10 billion.
  • Investor sentiment is bolstered by optimism surrounding the new Dragonfly data center AI inference platform.
  • Raised Wall Street price targets are driving increased institutional interest in the shares.