Qualcomm Stock Soared 67% in a Month. Why You Should Consider Taking Profits Now.

Qualcomm (QCOM) stock has delivered an extraordinary run, soaring more than 67% in just a month. The rally gained fresh momentum after reports emerged that TikTok's parent, ByteDance, had reached an agreement with Qualcomm to source chips for its artificial intelligence (AI) data centers.

The reported partnership marks a potentially transformative moment for Qualcomm. ByteDance plans to purchase millions of Qualcomm’s application-specific integrated circuits (ASICs) to support its growing ambitions for AI agents and infrastructure. The deal strengthens Qualcomm’s efforts to diversify its revenue sources beyond smartphones and positions it as a player in the AI compute race.