Best Stock To Buy Today? Qualcomm’s OpenAI Chip Report Puts QCOM Back In The Market’s AI Trade
Qualcomm shares jumped over 10% in premarket trading after analyst Ming-Chi Kuo said OpenAI is working with Qualcomm and MediaTek on smartphone processors, though no companies have confirmed the report. Mass production is not expected before 2028. Qualcomm reports fiscal Q2 results after the market closes April 29. MediaTek and Intel also moved higher in early trading.