Movement Alert｜Qualcomm Rises 3.07% in Pre-Market Trading, Reported Acquisition Talks with AI Chip Startup Tenstorrent Continue to Drive Sentiment

Market Focus06-18 16:51

On June 18, Qualcomm rose 3.07% in pre-market trading, trading at $219.0/share, with turnover of $5.93 million.

On the news front, reports that Qualcomm is in talks to acquire AI chip startup Tenstorrent continued to fuel bullish sentiment. The discussed price range stands at $8 billion to $10 billion, representing approximately a 4x premium over Tenstorrent's prior Series D post-money valuation of roughly $2.6 billion. Founded by legendary chip architect Jim Keller, Tenstorrent develops AI training and inference accelerators based on the RISC-V open architecture, possessing full-stack hardware and software capabilities that could address Qualcomm's technology gap in high-end data center compute chips.

If the deal closes at the upper end, it would rank among the largest AI chip acquisitions in recent years, underscoring Qualcomm's strategic commitment to accelerating its transformation into AI computing and data center hardware. Negotiations remain ongoing, and discussions could still fall through.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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