Movement Alert｜Qualcomm Rises 3.34% in Regular Trading, Rumored Acquisition of AI Chip Startup Tenstorrent Continues to Drive Momentum

Market Focus06-18 02:45

On June 18, Qualcomm rose 3.34% in regular trading, trading at $220.68/share, with turnover of $1.41 billion. The stock continued to gain on reports that the company is in talks to acquire AI chip startup Tenstorrent.

According to market reports, Qualcomm is negotiating a deal valued between $8 billion and $10 billion for Tenstorrent, representing a nearly 4x premium over the startup's previous Series D post-money valuation of approximately $2.6 billion. Founded by legendary chip architect Jim Keller, Tenstorrent develops AI training and inference accelerators based on the open RISC-V architecture, offering a full-stack hardware and software capability that could address Qualcomm's technology gap in high-end data center compute chips. If completed at the upper end of the price range, the deal would rank among the largest AI chip acquisitions in recent years, underscoring Qualcomm's strategic commitment to expanding into AI computing and data center hardware.

(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.)

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