Qualcomm Rises Pre-Market on OpenAI Chip Deal Buzz

Key Moments

Analyst Report Sparks Premarket Jump

Investing.com — Qualcomm shares rose sharply in premarket trading on Monday. The stock extended Friday’s strong rally. New analyst commentary drove the move. It pointed to a possible long-term growth catalyst linked to OpenAI.

The stock gained about 9.2% before the market open. TF International Securities analyst Ming-Chi Kuo shared the report. He said industry checks suggest OpenAI is working with Qualcomm and MediaTek on smartphone processors. Kuo is a well-known tech analyst in Taiwan. He often relies on supply-chain data for forecasts.

Details of the Potential OpenAI Chip Partnership

According to Kuo, Luxshare may serve as the exclusive system co-design and manufacturing partner. Mass production is expected in 2028.

The report fueled speculation about a new AI-driven hardware cycle. In addition, it suggests stronger demand for smartphone chips in the coming years.

AI Upgrade Cycle Seen as Long-Term Tailwind

Kuo said Qualcomm and MediaTek could benefit from long-term demand growth. AI features may speed up smartphone replacement cycles. As a result, chip demand could rise over time.

Stock Gains Build on Semiconductor Rally

The premarket jump followed an 11% surge on Friday. That rally came after Qualcomm joined a broader semiconductor advance.

In addition, Intel’s strong Q1 2026 earnings boosted sentiment. Investors became more optimistic about chip demand and AI spending. This helped support the entire sector.