{"id":47167,"date":"2026-05-21T17:18:12","date_gmt":"2026-05-21T17:18:12","guid":{"rendered":"https:\/\/www.europesays.com\/ai\/47167\/"},"modified":"2026-05-21T17:18:12","modified_gmt":"2026-05-21T17:18:12","slug":"what-is-going-on-with-qualcomm-stock-on-thursday-qualcomm-nasdaqqcom","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ai\/47167\/","title":{"rendered":"What Is Going On With Qualcomm Stock On Thursday? – Qualcomm (NASDAQ:QCOM)"},"content":{"rendered":"

Qualcomm Inc (NASDAQ:<\/a>QCOM<\/a>) stock trended on Thursday as investors focused on the growing market for agentic AI smartphones and the company’s expanding automotive partnerships, even as broader tech markets weakened.<\/p>\n

Agentic AI Smartphones Could Drive Chip Demand<\/p>\n

Recently, Counterpoint Research said agentic AI-capable smartphone chips reached 4% market penetration by the end of 2025 and could rise to 32% by 2027, meaning roughly one in three smartphones sold by then may support agentic AI features<\/a>.<\/p>\n

The report also highlighted intensifying competition in premium smartphone chips, noting MediaTek launched agentic AI capabilities through its Dimensity 9400 series ahead of Qualcomm’s Snapdragon 8 Elite Gen 5 rollout.<\/p>\n

Stellantis Partnership Expands Qualcomm’s Automotive Reach<\/p>\n

The collaboration combines Qualcomm’s platform with Stellantis’ STLA Brain system to improve connectivity, cockpit technology, and advanced driver-assistance features while helping the automaker accelerate software updates and reduce costs through platform standardization.<\/p>\n

Qualcomm Pushes Further Into AI-Driven Driving Systems<\/p>\n

The agreement also includes Qualcomm’s Snapdragon Ride Pilot platform, enabling features ranging from active safety systems to Level 2+ hands-free driving across millions of Stellantis vehicles.<\/p>\n

The companies also signed a non-binding letter of intent for Stellantis-owned autonomous driving company aiMotive to join Qualcomm Technologies, subject to certain conditions.<\/p>\n

Qualcomm Shows Relative Strength In Weak Market<\/p>\n

Qualcomm’s gains came despite a broader market pullback, with the Nasdaq declining and market breadth remaining weak, signaling stock-specific momentum tied to AI smartphone and automotive growth themes.<\/p>\n

Earnings & Analyst Outlook<\/p>\n

Looking further out, the next major catalyst for the stock arrives with the July 29, 2026 (estimated) earnings report.<\/p>\n

EPS Estimate: $2.09 (Down from $2.77 YoY)<\/p>\n

Revenue Estimate: $9.67 Billion (Down from $10.37 Billion YoY)<\/p>\n

Valuation: P\/E of 21.8x (Suggests fair valuation relative to peers)<\/p>\n

Analyst Consensus & Recent Actions: The stock carries a Hold rating with an average price target<\/a> of $170.52. Recent analyst moves include:<\/p>\n

Tigress Financial: Buy (Raises Target to $280.00) (May 8)<\/p>\n

Daiwa Capital: Upgraded to Outperform (Raises Target to $225.00) (May 8)<\/p>\n

JP Morgan: Neutral (Raises Target to $160.00) (April 30)
\nPrice Action<\/p>\n

QCOM Stock Price Activity: Qualcomm shares were up 2.55% at $207.67 at the time of publication on Thursday, according to Benzinga Pro data<\/a>.<\/p>\n

Photo: Shutterstock<\/p>\n

Market News and Data brought to you by Benzinga APIs<\/a><\/p>\n

\u00a9 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.<\/p>\n

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