Qualcomm shares soar 12%, boosted by AI device boom and Stellantis deal
Qualcomm's shares increased by 12% following the announcement of an expanded partnership with Stellantis. This collaboration will integrate Qualcomm's technology into Stellantis' future vehicle architectures, enhancing various automotive features. The deal is part of a broader trend of rising interest in AI-capable devices, which has also positively impacted Qualcomm's stock performance recently.
- ▪Qualcomm's shares surged 12% after announcing a multi-year partnership with Stellantis.
- ▪The partnership will embed Qualcomm's technology into Stellantis' next-generation vehicle architectures.
- ▪Qualcomm's automotive business generates over $5 billion in annual revenue.
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Qualcomm shares soar 12%, boosted by AI device boom and Stellantis deal An expanded automotive partnership with Stellantis and surging interest in AI-capable devices sent Qualcomm's stock sharply higher. Share Add us on Google by Editorial Team May. 22, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); Qualcomm’s shares surged 12% after the company announced an expanded multi-year technology partnership with automaker Stellantis on…
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