On June 18, Qualcomm rose 3.1% in regular trading, trading at $217.82/share, with turnover of $620 million. The stock continues to gain on reports that the company is in advanced talks to acquire AI chip startup Tenstorrent.
According to market reports, Qualcomm is negotiating a potential acquisition of Tenstorrent at a valuation of $8 billion to $10 billion, representing a nearly 4x premium over Tenstorrent's D-round post-money valuation of approximately $2.6 billion. If completed at the upper end, it would rank among the largest AI chip acquisitions in recent years. Tenstorrent, founded by legendary chip architect Jim Keller, develops AI training and inference accelerators based on the open-source RISC-V architecture with full-stack hardware and software capabilities. The deal would address Qualcomm's technology gap in high-end data center compute chips, signaling a strategic push into AI computing infrastructure beyond its core mobile business. Negotiations remain ongoing, and the final terms or deal structure have not been confirmed.
(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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