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StocksMedium•25 June 2026•

1 min read

Qualcomm Stock Surges After Revealing Major Tech Customers

Key Facts

1Qualcomm nearly doubles its non-handset sales target, reviving faith in the AI trade.

In a move that boosts confidence in the AI sector, Qualcomm revealed major technology customers and nearly doubled its non-handset sales target, according to reports. This guidance update lifted the company’s stock and revived faith in the AI chip trade.

This expansion beyond handsets comes amid strong growth in the AI chip market, with peers like NVIDIA and AMD also benefiting from rising demand. Per market data, QCOM closed at $226.11 on June 18, up from a low of $214.73.

The stock hit a session high of $229.42, and may face resistance near that level if positive momentum continues. Going forward, markets await any updates on acquisitions or new major customer contracts that could fuel further gains.