Qualcomm shares jump on new Stellantis AI-car partnership
Qualcomm shares surged 12% Friday after Stellantis expanded a multi-year deal to use its Snapdragon technology in next-generation vehicles. The stock hit $243 before paring gains, nearing its 52-week high. The PHLX Semiconductor Index rose 2.5%, while Nvidia slipped. Stellantis plans to use Qualcomm systems for cockpit, connectivity, and driver-assistance features.
