US Stock Market Move | Qualcomm (QCOM.US) surged more than 7% in early trading, a 65% increase from its low point in April.

On Thursday, Qualcomm (QCOM.US) surged over 7% in early trading, with its stock price up 65% from its low point in April. On the news front, the company had previously released two bullish signals when announcing its quarterly results: progress in the data center business and the expectation of the Chinese smartphone market hitting bottom in the third quarter and then rebounding with sequential growth, boosting investor confidence. In addition, recently, analyst Ming-Chi Kuo from Tianfeng International Securities revealed that OpenAI is developing its own AI smartphone and will cooperate with MediaTek and Qualcomm to develop smartphone processors, with production expected in 2028.