US Stock Market Move | Qualcomm (QCOM.US) opens up more than 4%, rumored to be in talks to acquire Tenstorrent.

On Tuesday, Qualcomm (QCOM.US) opened up more than 4%, with an accumulated increase of 80% since April, now trading at $229.29. In terms of news, it is reported that Qualcomm is negotiating the acquisition of the startup company Tenstorrent to expand its AI chip capabilities. Sources say that the two companies are discussing a price range of at least $8-10 billion, and the negotiations are still ongoing at this stage, with the possibility of price adjustments or even breaking off the talks. If the deal can be finalized at the highest valuation of $10 billion, it will become one of the largest acquisition cases in the global AI chip field in the past three years, indicating Qualcomm's strategic determination to accelerate its transformation towards AI computing power and high-end hardware in data centers.