Qualcomm shares rise on report of potential OpenAI collaboration for AI smartphone processors

Qualcomm's shares surged 13% in premarket trading after an analyst reported that OpenAI is collaborating with Qualcomm and MediaTek to develop AI-first smartphone processors, with mass production expected by 2028. The development highlights growing interest in AI-powered mobile devices and could impact the competitive smartphone market.

By Reuters Mon, April 27, 2026 at 3:05 PM GMT+3 2 min read · Yahoo Finance · April 27, 2026, 12:05 UTC

Tickers: $AAPL $QCOM

Topics: AI MediaTek OpenAI Partnerships Qualcomm Smartphones

Read the full article at Yahoo Finance

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