🟢 QCOM is trading 6.4% up today on reports of a major AI chip deal with ByteDance

QCOM is trading 6.4% up today at $258.82 following media reports of a major AI chip supply deal with ByteDance and sustained momentum in the AI semiconductor space.

• The stock has seen extreme volatility recently, jumping double digits in prior sessions following a blockbuster earnings beat and disclosures regarding custom silicon for large AI customers.
• Traders are increasingly focusing on Qualcomm as a key AI semiconductor winner, driven by the company's expanding footprint in the high-growth AI chip market.