QCOM

In April 2026, Qualcomm reported strong fiscal second-quarter results, surpassing estimates, completed significant share repurchases, authorized a new $20 billion repurchase, and increased its quarterly dividend. Later that month, reports of AI partnerships with OpenAI and Microsoft led to a 15.1% surge in QCOM's stock price. The stock climbed to an all-time intraday high of $247.90 in May 2026. In June 2026, Qualcomm acquired AI infrastructure company Modular Inc. in an all-stock transaction valued at nearly $4 billion, and during its Investor Day, outlined an accelerated diversification strategy targeting significant growth in data center, automotive, and IoT revenues by fiscal 2029. However, in July 2026, the stock retreated to around $171 after management warned of a materially lower share of the upcoming iPhone launch and an accelerated decline in Apple revenue. In October 2026, Qualcomm announced a multiyear patent agreement with Huawei Technologies covering 5G, AI, computing, and networking, which included purchasing certain Huawei U.S. patents, and the Snapdragon Summit 2026 focused on Agentic AI and new launches for personal AI across various devices.