+4.39% for Qualcomm stock as major Tenstorrent buyout negotiations intensify

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Qualcomm jumps 4.39% today on AI news

Highlights

Qualcomm is in advanced talks to acquire AI chip startup Tenstorrent for $8–10 billion, aiming to strengthen its AI hardware leadership.
The acquisition and the development of over 40 new AI-powered devices are set to accelerate Qualcomm's growth and industry relevance.
QCOM maintains a bullish technical structure, trading above major supports with momentum favoring further upside toward a $214.38–$246.82 range.

AI acquisition talks and new device designs bolster future demand

Qualcomm has reportedly entered negotiations to acquire the AI chip startup Tenstorrent for between $8 billion and $10 billion, a move that would significantly expand its presence in the AI hardware space and strengthen its position within key data center and infrastructure markets, according to Finance Yahoo and The Information. This potential acquisition is expected to heighten future demand for Qualcomm’s solutions as AI deployment accelerates across industry verticals. Simultaneously, Qualcomm is actively developing more than 40 new AI-enabled device designs, a sign of continued innovation that can support elevated growth prospects, as noted by CNBC.

Upside strength as buy signals align with elevated technical levels

QCOM is currently trading well above its MA-20 at $211.75 and MA-50 at $207.99 on the H1 timeframe, as well as above its MA-200 at $165.95 on the daily chart. The Ichimoku Kijun level acts as immediate support at $208.33. Momentum indicators are robust: MACD and ADX both register Buy signals, the RSI stands elevated at 67.42 in Buy territory, CCI is also positive, and BBP reflects overbought conditions. However, Stoch RSI and Awesome Oscillator remain neutral, indicating some divergence among oscillators despite prevailing upside momentum.

High breakout potential as QCOM trades near key volatility band

In the near term, QCOM is expected to fluctuate within a volatility band defined by $214.38 as support and $246.82 as resistance. The probability of an upside continuation is considered very high, while downside risk is minimal. The base case scenario involves range-bound consolidation. Breakout above resistance would trigger a bullish extension, whereas a break below support could signal the start of a corrective move.

Viktoras Karapetjanc, expert at Traders Union, sees Qualcomm as fundamentally strong following news of strategic talks to acquire Tenstorrent. The analyst notes ongoing, large-scale AI innovation as a driver for continued revenue growth. Technical signals and sentiment both point to strong upside momentum. He believes the current breakout is supported by both solid fundamentals and market enthusiasm. "Qualcomm’s aggressive push into AI hardware and robust technical alignment give me confidence in further upside, with minimal downside risk in the current range," Karapetjanc says.

Earlier, analysts noted that Qualcomm’s robust momentum and expanding AI partnerships were underpinning a broadly bullish outlook for the stock. The current combination of strong technical signals and the potential Tenstorrent acquisition further reinforces this strength, suggesting investors should closely monitor QCOM for a breakout above $246.82 as a possible next catalyst.

Source of Data: QCOM Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.