Qualcomm Shares Rise with Potential Samsung Partnership

Jun 18, 2024 By MarketDepth

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Qualcomm (QCOM) shares popped as news that the company could be the exclusive chip provider for the upcoming Samsung Galaxy S25 smartphone. As all eyes are on Nvidia other companies are also forging ahead and rising rapidly as the battle for chip sales continues.

Qualcomm shares are up 3% intraday and up over 50% on the year. The stock has a soaring market cap of $255 billion as sales are continuing to pile in.

The chip space has seen some tremendous momentum and Qualcomm is capitilzing. Analysts also forecast that chip prices from the company are expected to rise. With some much excitement in the future of technology it will be exciting to see where these companies go.