Shares of U.S.-based semiconductor company Qualcomm (QCOM) jumped more than 13% in pre-market trading on Monday after reports of a potential smartphone collaboration with OpenAI. The news, shared by TF International Securities analyst Ming-Chi Kuo on social media, helped push the stock higher. Meanwhile, Qualcomm is also set to report its Q2 FY26 earnings this week on April 29.
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For context, Qualcomm is a semiconductor company best known for designing smartphone chips and wireless technology used in devices worldwide.