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Barchart
Wajeeh Khan

Is Qualcomm Stock a Buy Amid Reports of OpenAI Partnership?

Qualcomm OpenAI QCOM

Qualcomm (QCOM) stock inched up on April 27 following reports that the chipmaker has partnered with OpenAI to develop specialized processors for an artificial intelligence (AI) native smartphone. 

As investors cheered the bullish report from renowned analyst Ming-Chi Kuo, QCOM broke above its 100-day moving average (MA), indicating continued bullish momentum ahead. 

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