Qualcomm Shares Rise on Report of Collaboration with OpenAI for Smartphone Chip Development
Qualcomm's stock surged premarket on Monday due to reports of a potential collaboration with OpenAI and MediaTek to develop smartphone processors. Analyst Ming-Chi Kuo suggested that Luxshare Precision Industry may be involved in manufacturing, with mass production expected by 2028. The news highlights growing expectations of AI-driven smartphone upgrades, which could benefit chipmakers.
Topics: AI chips Analyst reports OpenAI Qualcomm Smartphone processors Stock market