What Is Going on With Qualcomm Stock on Friday?
Qualcomm stock surged following new Snapdragon 8 Elite chip rollouts, an extended global patent agreement with Apple, and strong growth in on-device AI capabilities.
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Piper Sandler analyst David O'Connor initiates coverage on Qualcomm (NASDAQ:QCOM) with a Neutral rating and announces Price Target of $190.
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Qualcomm stock surged following new Snapdragon 8 Elite chip rollouts, an extended global patent agreement with Apple, and strong growth in on-device AI capabilities.
U.S. stocks rose Friday; Akamai jumped 8.1% on an $11.6B Anthropic cloud deal, while Atlas Energy, Almonty and others posted strong gains.
The global WiFi chipset market is expected to expand at a 4.55% CAGR from $22.11 billion in 2025 to $28.88 billion by 2031, driven by adoption of WiFi 6E and WiFi 7 standards, IoT ecosystem growth, and hybrid 5G-WiFi deployments. However, spectrum congestion and signal interference in densely populated networks pose significant challenges to market expansion.
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