🟢 Qualcomm Incorporated trading 4.1% up on reports of Tenstorrent acquisition talks, AI infrastructure expansion, and bullish analyst research

Qualcomm Incorporated is trading 4.1% up at $229.76 as investors react to reports of the company being in talks to acquire AI chip startup Tenstorrent for $8 billion to $10 billion.

• The potential acquisition, along with optimism over AI infrastructure expansion and upcoming Investor Day, is driving a strategic shift toward AI and data center opportunities.
• Recent analyst research, including JPMorgan raising its price target to $265, also contributes to the bullish sentiment regarding the company's long-term AI potential.