QUALCOMM Incorporated is trading 5.4% up at $20.97 following reports that the company is in talks to acquire AI chip startup Tenstorrent for an estimated $8–10 billion.

  • The potential acquisition is driving positive AI sentiment across the group, helping the stock extend a sharp multi-day rebound after last week’s selloff.
  • U.S.-listed shares are gaining in premarket trading, outperforming broader market indices which remain mixed.