Snapdragon optimized the Muse Glimmer model for on-device AI experiences

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11.08.2026

Snapdragon optimized the Muse Glimmer model for on-device AI experiences — Qualcomm stock is little changed today

Qualcomm announced that Meta's new open-weight Muse Glimmer model is optimized for Snapdragon devices, supporting on-device agentic AI capabilities and aiming to broaden possibilities for developers in the open AI ecosystem. The stock is little changed on the day, trading near $162.12.

QCOM price prediction

24H 4.85%

$174.87

48H 5.17%

$175.4

7D 5.35%

$175.7

1M -3.8%

$160.44

3M -7.88%

$153.64

6M -32.2%

$113.08

12M -3.03%

$161.72

Current price: $166.78 2.35 1.43%

Closed 11/04

Daily range 162.87

172.21

Weekly range 160.38

185.54

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Highlights

Meta's Muse Glimmer model is now optimized for Snapdragon devices, supporting advanced agentic AI directly on-device.
47 of 150 analysts rate Qualcomm stock a buy, and the median price target is $220, about 35.7% above current levels.
Qualcomm stock is little changed on the day, trading near $162.12.

Qualcomm announced that the open-weight Muse Glimmer model developed by AIatMeta is optimized for devices powered by Snapdragon chips. The company said this model is designed to deliver industry-leading on-device agentic AI experiences. Qualcomm indicated it aims to expand opportunities for developers within an open AI ecosystem.

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Bearish setup holds as shares trade below key moving averages

Stoch RSI is in overbought territory, which is a stretched reading that limits room for further upside. Shares of Qualcomm are trading below the MA-20 at $165.29 as well as below the MA-50 and MA-200, keeping the daily structure bearish. The recent chart action remains indecisive, with no strong directional bias emerging around the current move.

Downside chances dominate as traders eye $165.29 close

Traders should watch for a close above $165.29 to demonstrate buyers are willing to follow through on this move. Stoch RSI now shows a stretched, overbought reading that limits further upside. Although the past week saw a sharp move lower without a sustained trend, the probability of further downside is 75% and the probability of upside is 25% for the coming trading week, with an expected trading range between $156.4 and $167.83. A drop below $155.22 would show the move is being faded. On the weekly chart the longer-term picture stays negative.

Previously it was reported that Qualcomm's expansion into automotive technology and recent chip supply agreements were seen as key growth drivers, though technical factors restricted immediate upside for the stock. The addition of on-device AI capabilities through the Muse Glimmer model introduces further diversification, but with shares still trading below key moving averages, traders should monitor for a decisive move above $165.29 as a signal of renewed buyer strength.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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