What Lit a Fire Under Qualcomm Stock?

Qualcomm shares jumped 61.7% between March 10 and June 8, 2026, outpacing the S&P 500's 9.5% return. Record automotive revenue of $1.3 billion, up 38% year-over-year, and a reported deal to supply AI chips to ByteDance drove the rally. The company also began ramping custom silicon with a leading hyperscaler.