Qualcomm (QCOM) Stock Rises as Alphawave AI Deal Advances and Snapdragon 8 Gen 5 Launches — November 28, 2025
Qualcomm shares closed at $168.09 on November 28, up 1.8%, with trading volume about 40% below average. The company secured final Korean antitrust approval for its $2.4 billion Alphawave IP Group acquisition, expected to close by December 18. Alphawave announced a $20 million unsecured bridge loan from Qualcomm to support operations until the deal closes.