Why Qualcomm (QCOM) Stock Is Up Today

Qualcomm (QCOM) is up 3.7% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is continued investor enthusiasm around Qualcomm’s newly announced multi-generation AI data center collaboration with Amazon, which gave the company a clearer path to expand beyond smartphones. There does not appear to be a separate major filing or earnings release dated today, so this move looks like a continued repricing of that strategic win rather than a brand-new catalyst. ([investor.qualcomm.com](https://investor.qualcomm.com/news-events/press-releases/news-details/2026/Qualcomm-Announces-Multi-Generational-Product-Collaboration-with-Amazon-to-Build-Next-Generation-AI-Data-Center-Infrastructure/default.aspx?utm_source=openai))

Details:

Qualcomm disclosed a multi-generation product collaboration with Amazon focused on next-generation AI data center infrastructure, highlighting custom server silicon and related systems. ([investor.qualcomm.com](https://investor.qualcomm.com/news-events/press-releases/news-details/2026/Qualcomm-Announces-Multi-Generational-Product-Collaboration-with-Amazon-to-Build-Next-Generation-AI-Data-Center-Infrastructure/default.aspx?utm_source=openai))

An SEC filing shows Amazon received a warrant to buy up to 25 million Qualcomm shares at an exercise price of $161.26, with vesting tied to commercial milestones, purchase orders, and actual purchases up to $60 billion. ([sec.gov](https://www.sec.gov/Archives/edgar/data/804328/000110465926105718/tm2623289d1_8k.htm?utm_source=openai))

The structure of that agreement suggests meaningful long-term customer commitment, which can support a higher valuation for Qualcomm’s data center ambitions. This is an inference based on the filing terms and company announcement. ([investor.qualcomm.com](https://investor.qualcomm.com/news-events/press-releases/news-details/2026/Qualcomm-Announces-Multi-Generational-Product-Collaboration-with-Amazon-to-Build-Next-Generation-AI-Data-Center-Infrastructure/default.aspx?utm_source=openai))

Qualcomm’s latest quarterly results also reinforced its diversification story, with management highlighting strong execution and double-digit growth in automotive and IoT, making investors more receptive to a new AI infrastructure narrative. ([qualcomm.com](https://www.qualcomm.com/news/releases/2026/07/qualcomm-announces-third-quarter-fiscal-2026-results?utm_source=openai))

Sources:

Qualcomm, SEC, Yahoo Finance

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 73 times in the past 6 months. Of those trades, 0 have been purchases and 73 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 64 sales selling 15,000 shares for an estimated $2,666,276.
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 1,939 shares for an estimated $348,100.

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.

$QCOM Hedge Fund Activity

We have seen 1,394 institutional investors add shares of $QCOM stock to their portfolio, and 1,655 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 8 times in the past 6 months. Of those trades, 3 have been purchases and 5 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 4 times. They made 2 purchases worth up to $65,000 on 05/13 and 2 sales worth up to $30,000 on 08/19, 08/12.
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 19 analysts offer price targets for $QCOM in the last 6 months, with a median target of $225.0.

Here are some recent targets:

Vijay Rakesh from Mizuho set a target price of $210.0 on 06/29/2026
Christopher Rolland from Susquehanna set a target price of $190.0 on 06/25/2026
C.J. Muse from Cantor Fitzgerald set a target price of $220.0 on 06/25/2026
Kevin Cassidy from Rosenblatt set a target price of $265.0 on 06/25/2026
Aaron Rakers from Wells Fargo set a target price of $265.0 on 06/25/2026
Srini Pajjuri from RBC Capital set a target price of $250.0 on 06/25/2026
Joshua Buchalter from TD Cowen set a target price of $200.0 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.