QUALCOMM Inc (NASDAQ:QCOM) shares are volatile on Tuesday amid reports that the company is in talks to acquire AI chip startup Tenstorrent.
Qualcomm stock is showing upward bias. What should traders watch with QCOM?
Qualcomm In Talks To Acquire TenstorrentThe Information reported Monday that Qualcomm is in discussions to acquire Tenstorrent for between $8 billion and $10 billion, a deal that would expand the company’s AI chipmaking capacity. The negotiations remain ongoing, and the report noted the valuation could still change or the deal could collapse altogether.It’s also unclear whether a final agreement would include performance-based milestone payments, a structure commonly used in past chip startup acquisitions.CEO Details Broader AI Device StrategyThe reported talks come as Qualcomm CEO Cristiano Amon discussed the company’s broader AI ambitions in an interview on CNBC’s “The Tech Download” podcast Monday. Amon said Qualcomm is developing more than 40 new AI-powered devices, betting that consumers will increasingly adopt smaller, personalized AI hardware such as smart jewelry, camera-equipped earbuds, pins and watches that function as personal AI agents.“Right now, we have over 40 designs of those devices, and I’m telling you, the types of form factors are very, very broad,” Amon said.Critical Levels To Watch For QCOM StockRSI provides the clearest read on momentum. The indicator is at 53.69, which signals neutral conditions rather than an overextended or washed‑out setup. RSI helps measure whether recent buying or selling has become overheated. In this case, the reading suggests the stock is digesting gains rather than breaking down.Key levels are straightforward based on the recent advance and the moving averages that sit below current price.
