On Friday, Qualcomm's stock experienced a significant jump of 12%, contributing to an impressive 75% rise over the past month, highlighting the company’s increasingly pivotal role in the burgeoning physical AI sector—a sentiment that is resonating strongly on Wall Street. Currently, the stock is at an all-time high.
While Qualcomm has lagged behind industry leaders like Nvidia in the competition for chips tailored to AI models and applications, the firm is leveraging its dominant position in the smartphone market to solidify its status as an influential player in the realm of connected devices, ranging from smart glasses to automobiles and robotics.
Additionally, reports indicate that Qualcomm is collaborating with OpenAI on developing an AI chip intended for a future device integrated with AI agents.
Ivan Feinseth, an analyst with Tigress Financial Partners who has given Qualcomm a buy rating, expressed confidence in the company’s potential. “This company is poised to reclaim its former status and spearhead the connected device revolution,” he remarked, noting that investors are beginning to recognize this impending shift.
Concerning Qualcomm's partnership with OpenAI, Feinseth shared his enthusiasm for the upcoming device, describing it as a "phone that will feature an AI-driven operating system capable of performing a wide array of tasks."

