Qualcomm shares rose in price by almost 75% over the past month

Short summary

- Qualcomm shares rose 12 % and hit a record $238.16 last Friday.

- Over the past month, the share price has increased by 75 %.

- The company is expanding its business: new automotive clients (Stellantis) and potential collaboration with OpenAI on a chip for a personal AI device.

- Planned launch of server processors AI200/AI250 that will compete with Nvidia.

1. Financial results
Trading on U.S. exchanges ended last Friday. Qualcomm shares rose 12 % in the latest session, reaching a record $238.16. Over the previous month their price has risen by 75 %, confirming growing investor interest even in a company traditionally focused on smartphone chips.

2. Business diversification

2.1 Automotive sector – Stellantis became a new major client of Qualcomm and plans to use Snapdragon family processors in its vehicles’ onboard systems.
- Chips will be used not only for infotainment but also to support active driver assistance.
- Existing clients include Bosch, Volkswagen, Hyundai, BMW.
- In the last quarter automotive revenue grew 38 % to $1.3 million.
- Over a million cars in operation already use Qualcomm chips for autopilot systems.

2.2 Artificial intelligence – At the end of April rumors surfaced about a collaboration between OpenAI and Qualcomm on developing a chip for OpenAI’s future personal AI device.
- Investors believe that moving to agent-based computing in AI will allow Qualcomm to unlock its potential.
- Analysts at Tigress Financial Partners suggest that OpenAI’s device will be a smartphone with an OS providing deep integration of AI features and near‑complete versatility.

3. Server processors AI200/AI250
By the end of this year, Qualcomm plans to launch server processors AI200 and AI250, which could compete with Nvidia solutions in AI infrastructure. Some cloud giants have already expressed intent to purchase such chips.

At Computex 2026, opening in early June, Qualcomm leadership may reveal additional details about upcoming plans.

Conclusion
Qualcomm demonstrates steady share growth and successfully expands its customer base beyond mobile devices. New automotive contracts, potential collaboration with OpenAI, and the launch of server AI processors indicate that the company is ready to capitalize on the current AI boom and strengthen its position in the high‑tech market.