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Reports of Qualcomm partnering with OpenAI on a smartphone AI chip have increased investor optimism about future growth in AI hardware.
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Qualcomm's stock rose 7% following reports that it is partnering with OpenAI to develop an AI chip for smartphones. This collaboration could accelerate the integration of advanced AI capabilities in mobile devices, impacting the smartphone market and AI technology adoption. The move highlights growing investment in AI hardware tailored for consumer electronics.