Earnings Season's Dark Horse: $QCOM Just Surged 10.5% and Everyone's Still Talking About $NVDA
Qualcomm's OpenAI partnership leak is rewriting the semiconductor narrative heading into earnings season — and retail traders are finally paying attention
Ticker Ratings
Somehow the most beaten-down chip stock of the year just became the most interesting one. $QCOM surged 10.5% after analyst reports — unconfirmed, let's stress that — suggest the company is partnering with OpenAI and MediaTek to build next-gen smartphone processors, with mass production reportedly targeting 2028. This is a company that was down 13% year-to-date while the Philadelphia Semiconductor Index was up nearly 50% and on an 18-day winning streak. That's not underperformance, that's being left at prom alone.
Meanwhile, $DPZ just delivered its worst intraday print since 2023, falling nearly 10% after Q1 domestic same-store sales missed estimates. Turns out when consumers are stressed about war, oil prices, and a $39 trillion national debt, they still order pizza — just apparently not enough pizza. The broader earnings picture is actually more encouraging: Bloomberg notes beats are significantly outpacing revenue beats, signaling serious margin expansion driven by AI productivity gains.
Retail traders who slept on Qualcomm while chasing Nvidia all year just got a very expensive wake-up call delivered in under 24 hours — no tip required.