Qualcomm is trading 5.4% up at $160.03 as a broad semiconductor rebound lifts chip stocks following a risk-on session across tech and AI-linked names.
- The stock is tracking wider sector momentum, with the SOXX ETF gaining 4.98% during today's session.
- While no fresh company-specific catalyst is visible, the move is supported by improved sentiment following recent earnings and ongoing AI-related optimism.