Why Qualcomm (QCOM) Stock Is Up Today

Qualcomm (QCOM) is up 3.5% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a fresh batch of AI-focused announcements on August 31 that reinforced Qualcomm’s push beyond smartphones and deeper into PCs and data center infrastructure. The move also appears to fit a broader rebound in sentiment around the company’s diversification strategy after management recently highlighted faster expected growth in non-handset revenue.

Details:

Qualcomm unveiled the Horizon Ultra AI PC with HUMAIN on August 31, adding another visible product showcase for its Snapdragon X platform in enterprise AI computing.

Qualcomm also disclosed that Adobe will migrate regional AI workloads onto HUMAIN infrastructure accelerated by Qualcomm technology, which may have strengthened the market’s view of its AI infrastructure opportunity.

In its July 29 fiscal third-quarter release, Qualcomm said combined QCT Automotive and IoT revenue grew 28% year over year, showing that newer businesses are contributing more meaningfully alongside its handset operations.

Management also said in late July that non-handset revenue growth, including data center, is expected to accelerate in fiscal 2027, which could be supporting today’s buying interest.

Sources:

Qualcomm, SEC, MarketScreener

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$QCOM Insider Trading Activity

$QCOM insiders have traded $QCOM stock on the open market 69 times in the past 6 months. Of those trades, 0 have been purchases and 69 have been sales.

Here’s a breakdown of recent trading of $QCOM stock by insiders over the last 6 months:

CRISTIANO R AMON (President & CEO) has made 0 purchases and 2 sales selling 20,000 shares for an estimated $3,650,000.
AKASH J. PALKHIWALA (EVP, CFO & COO) has made 0 purchases and 60 sales selling 15,000 shares for an estimated $2,539,962.
HEATHER S ACE (EVP, Chief HR Officer) has made 0 purchases and 2 sales selling 6,400 shares for an estimated $1,039,552.
PATRICIA Y GRECH (SVP, Chief Accounting Officer) has made 0 purchases and 5 sales selling 2,312 shares for an estimated $390,303.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$QCOM Hedge Fund Activity

We have seen 1,392 institutional investors add shares of $QCOM stock to their portfolio, and 1,656 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

INVESCO LTD. added 23,250,203 shares (+180.9%) to their portfolio in Q2 2026, for an estimated $4,296,405,012
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 22,310,326 shares (+inf%) to their portfolio in Q2 2026, for an estimated $4,122,725,141
BLACKROCK, INC. removed 10,864,006 shares (-10.2%) from their portfolio in Q2 2026, for an estimated $2,007,559,668
CHARLES SCHWAB INVESTMENT MANAGEMENT INC removed 8,554,376 shares (-27.7%) from their portfolio in Q2 2026, for an estimated $1,580,763,141
JPMORGAN CHASE & CO added 8,270,471 shares (+inf%) to their portfolio in Q2 2026, for an estimated $1,528,300,336
ASPEX MANAGEMENT (HK) LTD added 6,360,236 shares (+inf%) to their portfolio in Q2 2026, for an estimated $1,175,308,010
FRANKLIN RESOURCES INC removed 5,405,550 shares (-68.7%) from their portfolio in Q2 2026, for an estimated $998,891,584

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$QCOM Congressional Stock Trading

Members of Congress have traded $QCOM stock 6 times in the past 6 months. Of those trades, 3 have been purchases and 3 have been sales.

Here’s a breakdown of recent trading of $QCOM stock by members of Congress over the last 6 months:

REPRESENTATIVE MARIA ELVIRA SALAZAR has traded it 2 times. They made 2 purchases worth up to $65,000 on 05/13 and 0 sales.
REPRESENTATIVE SARA JACOBS has traded it 2 times. They made 0 purchases and 2 sales worth up to $2,000,000 on 05/07, 05/06.
REPRESENTATIVE JARED MOSKOWITZ sold up to $50,000 on 03/31.
SENATOR ALAN ARMSTRONG purchased up to $15,000 on 03/27.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$QCOM Analyst Ratings

Wall Street analysts have issued reports on $QCOM in the last several months. We have seen 1 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

Barclays issued a "Underweight" rating on 04/30/2026
Benchmark issued a "Buy" rating on 04/30/2026

To track analyst ratings and price targets for $QCOM, check out Quiver Quantitative's $QCOM forecast page.

$QCOM Price Targets

Multiple analysts have issued price targets for $QCOM recently. We have seen 20 analysts offer price targets for $QCOM in the last 6 months, with a median target of $222.5.

Here are some recent targets:

Vijay Rakesh from Mizuho set a target price of $210.0 on 06/29/2026
Joseph Moore from Morgan Stanley set a target price of $231.0 on 06/25/2026
Christopher Rolland from Susquehanna set a target price of $190.0 on 06/25/2026
Tom O'Malley from Barclays set a target price of $245.0 on 06/25/2026
Atif Malik from Citigroup set a target price of $198.0 on 06/25/2026
Timothy Arcuri from UBS set a target price of $235.0 on 06/25/2026
Stacy Rasgon from Bernstein set a target price of $235.0 on 06/25/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.