Qualcomm Shares Jump 9% on OpenAI Chip Partnership

Qualcomm shares surged ~9.2% in pre‑market trading on April 27, 2026 after analyst Ming‑Chi Kuo reported an OpenAI smartphone chip partnership.
Kuo said OpenAI is collaborating with Qualcomm and MediaTek, with Luxshare as exclusive system co‑design partner and mass production slated for 2028.
The rally follows Qualcomm’s 11% jump on Friday, driven by a broader semiconductor rally boosted by Intel’s strong Q1 2026 earnings.
Analysts view AI‑enabled smartphones as a new hardware upgrade cycle that could accelerate demand for mobile processors.