Qualcomm Rises on OpenAI Smartphone Chip Collaboration
Qualcomm shares rose 0.99% on April 27, 2026, after reports of a collaboration with OpenAI to develop a smartphone chip.
April 28, 2026
1 min read
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Source: fool.com
Qualcomm (QCOM) shares rose 0.99% on April 27, 2026, following reports that the company is collaborating with OpenAI to develop a dedicated smartphone chip. The stock closed at $150.32, up $1.47, with a market capitalization of $159 billion.
The reported partnership aims to integrate OpenAI's AI capabilities directly into Qualcomm's mobile processors, potentially enabling advanced on-device AI features for smartphones. This collaboration could enhance Qualcomm's position in the competitive mobile chip market, where AI processing is becoming a key differentiator.
Qualcomm's stock has a 52-week range of $121.99 to $205.95, and the company reported a gross margin of 55.10% and a dividend yield of 2.39%. The day's trading volume was 1.8 million shares, below the average volume of 12 million.
β Frequently Asked Questions
What is the reported collaboration between Qualcomm and OpenAI?
Qualcomm and OpenAI are reportedly collaborating to develop a dedicated smartphone chip that integrates OpenAI's AI capabilities directly into Qualcomm's mobile processors.
How did Qualcomm's stock perform on April 27, 2026?
Qualcomm's stock rose 0.99% to close at $150.32, up $1.47, with a market capitalization of $159 billion.
What are Qualcomm's key financial metrics?
Qualcomm has a gross margin of 55.10%, a dividend yield of 2.39%, and a 52-week stock price range of $121.99 to $205.95.
