Qualcomm shares spiked after reports it will co-develop processors with OpenAI and MediaTek for a new AI-focused device, possibly launching in 2028. The project could diversify Qualcomm’s revenue beyond smartphones and tap into a potential 300–400 ...

OpenAI is building an agent-first phone with Qualcomm, MediaTek, and Luxshare, per analyst Ming-Chi Kuo. No apps, just agents. Mass production targeted 2028. Qualcomm surged 13% on the report.

Buy Qualcomm (QCOM) only if it sells off on Wednesday earnings, using the post-earnings dip as the entry. Valuation is already cheap (forward P/E ~13 vs sector ~24) and the market is expecting EPS decline;

Smartphone sales have hovered in a rut for years, with global shipments often flat or down amid longer replacement cycles. Investors wondered whether AI could spark the next big upgrade wave — or if the iPhone’s ecosystem lock would keep Apple (NASDAQ:AAPL | AAPL Price Prediction) dominant no matter what.

Qualcomm jumps after a tech supply chain analyst says OpenAI is working with the chip maker to develop smartphone processors.