Qualcomm (QCOM) Stock News

Susquehanna increased its price target for Qualcomm from $160.00 to $185.00 per share.

Qualcomm plans global job cuts beginning in November as part of a performance-focused reduction after annual reviews, according to an internal memo and sources.

TD Cowen increased its price target for Qualcomm from $175.00 to $200.00 per share.

Qualcomm announced that a jury found Arm breached its architectural license agreement.

Qualcomm has submitted a prospectus for the resale of up to 25 million common shares. The filing was noted on social media. No further details are available yet.

Qualcomm fell 7.2% to $187.48 on above-average volume, underperforming the S&P 500 and most peers. NVIDIA rose 1.7%, Broadcom fell 0.9%, Intel fell 5.67%. The stock is 27.9% below its 52-week high.

The S&P 500 is down about 45 points Monday afternoon. Carvana (CVNA) fell 7.36%, Qualcomm (QCOM) dropped 6.70%, and DoorDash (DASH) lost 6.73%. Higher oil prices, rising Treasury yields, and broad selling in consumer-discretionary and technology stocks are weighing on growth-sensitive names. QCOM also faces profit-taking after its recent rally, and DASH remains under pressure from its $131.5 million NYC delivery-worker settlement. Palo Alto Networks (PANW) gained 4.37% after BTIG Research raised its price target to $425 from $404, citing a constructive platform growth outlook.

Qualcomm renewed its global patent-license agreement with Apple, effective April 2027. The deal secures high-margin royalty revenue but does not prevent Apple from shifting modem purchases away from Qualcomm. Shares traded lower as the market focused on declining chipset revenue.

Qualcomm announced the renewal of its global patent license agreement with Apple. The new agreement takes effect April 1, 2027.

Qualcomm agreed to acquire PickNik, the company behind the open-source MoveIt robotics manipulation framework. Financial terms weren't disclosed. MoveIt will remain open-source and integrate with Qualcomm's Dragonwing robotics platforms.

Qualcomm said Wednesday it has agreed to acquire PickNik, the company behind the open-source MoveIt robotics manipulation framework. The deal aims to strengthen the company's position in physical AI and robotics software. MoveIt will remain open-source and is expected to be integrated with Qualcomm's Dragonwing robotics platforms. Financial terms were not disclosed.

Qualcomm unveils first 2nm Snapdragon chips with on-device AI push. The Snapdragon 8 Elite Gen 6 and Extreme Gen 6 run local models up to 30B parameters. Motorola, Xiaomi, Vivo, Oppo, Honor, OnePlus expected to use them.

Qualcomm shares rose about 8% after the company announced a new AI data-center interconnect architecture developed with Lumentum and Corning. The technology targets high-bandwidth, low-power chip-to-chip connectivity. The move also comes ahead of this week's Snapdragon Summit, where Qualcomm is expected to unveil new 2nm flagship chips and updates on its agentic AI push.

RBC Capital Markets has raised its price target on Qualcomm to $180 per share, up from $160.

Qualcomm expects to book Amazon-related revenue from its fiscal first quarter. The deal covers AI processors and connectivity chips. Qualcomm is confident of hitting its $5 billion data-center revenue target for fiscal 2027. Shares closed 3.2% higher at $174.09.

Qualcomm and Amazon announced a multi-generational collaboration to develop custom silicon for AWS AI infrastructure. Amazon received a warrant for up to 25M Qualcomm shares at $161.26, tied to up to $60B in chip purchases.

Qualcomm stated that the smartphone market is at a low point in its cycle. The statement comes from the company's official communication. No further details on timing or recovery were provided.

Qualcomm's CFO said the company has another hyperscaler engagement. The statement adds to recent commentary on automotive and smartphone markets.

Qualcomm's CFO said higher memory prices have not significantly affected the premium smartphone market. The comment signals resilience in high-end demand.

Qualcomm CFO stated the company expects to be the largest chip supplier to the automotive industry next year. The claim comes from a single unverified source.

Qualcomm has high confidence in its $5 bln data center target.