🟢 Qualcomm Incorporated is trading 3.7% up today amid reports of Tenstorrent acquisition talks and new AI device plans

Qualcomm Incorporated is trading 3.7% up at $228.90 in pre-market.

• The surge follows reports from June 15, 2026, that Qualcomm is in talks to acquire AI chip startup Tenstorrent for an estimated $8 billion to $10 billion, significantly boosting its AI capabilities.
• Additionally, CEO Cristiano Amon announced on June 16, 2026, that the company is developing over 40 new AI device designs, signaling a major push into "agent-first" computing and smart glasses.
• These company-specific strategic developments are contributing to a broader multi-day rebound in large-cap semiconductors, supported by easing geopolitical tensions and lower oil prices.