Qualcomm shares rose about 9.2% in pre‑market trading on April 27, 2026 after analyst Ming‑Chi Kuo reported an OpenAI smartphone processor partnership.
The partnership allegedly involves Qualcomm and MediaTek with Luxshare as exclusive system co‑design and manufacturing partner, targeting mass production by 2028.
Analysts expect the AI‑driven upgrade cycle to boost long‑term demand for mobile processors, supporting Qualcomm and MediaTek amid a broader semiconductor rally.