On August 7, Qualcomm rose 3.39% in regular trading, trading at $163.91/share, with turnover of $208 million.

On the news front, Qualcomm recently announced a tiered chip price increase effective September 1: flagship chips will rise 10% to 15%, mainstream chips 5% to 7%, and entry-level chips approximately 2%. The company explicitly stated it will no longer absorb rising supply-chain costs internally.

The pricing action follows a challenging fiscal Q3 in which net profit declined 25% year-over-year to $2 billion, driven by surging memory costs and a 20% drop in handset revenue. In a letter to clients, Qualcomm indicated it had exhausted all efforts to find alternative suppliers to offset component cost inflation. The market views the price hike as a positive signal for near-term margin restoration.

Additionally, Qualcomm's partnership with Multiverse Computing to develop efficient AI models for its Dragonfly AI200 and AI250 data-center accelerators provides further support for its diversification strategy beyond mobile.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)