Qualcomm shares rise on possible Samsung Galaxy partnership

Shares of Qualcomm (QCOM) are rising on the news that the company is expected to be the exclusive chip provider of Samsung's (005930.KS) upcoming Galaxy S25 smartphone.

Catalysts Hosts Seana Smith and Madison Mills report more on the story and the increasing growth opportunities within the chip sector.

For more expert insight and the latest market action, click here to watch this full episode of Catalysts.

This post was Melanie Riehl

Video transcript

Shares of Qualcomm are trending ticker today rising.

It's currently the number one trending ticker on Yahoo Finance.

You got shares of just around 3%.

The jump coming after a renowned tech analyst is saying that Qualcomm is expected to be the exclusive chip provider for Samsung's upcoming Galaxy S 25.

0.

Now, the analyst also saying that Qualcomm will likely raise prices on the snap dragon eight generation four chips by 25 to 30%.

So we have that call that's adding some excitement here to Qualcomm shares.

But also when you take a step back and think about the broader chip space, we were talking to an analyst here last hour from Wedbush and he was just talking about some of that momentum within the space right now, the opportunity, the growth opportunity for so many of these larger names.

And then you also have Rosenblatt, the analyst there who covers NVIDIA outlining a very bullish narrative here for NVIDIA.

He's saying that he sees more than 50% upside here for the dock.

He's now Wall Street's new biggest bull when it comes to NVIDIA.

So I think all of this is adding to some excitement surrounding these ship names today.

Yeah, way Lee was speaking about this in the first moments of our show earlier today, this idea that a rising tide lifts all ships when it comes to the chips giants in the room.

And I think that's a great point, Shawna, that this price target hike from Rosenblatt on NVIDIA, the kind of big guy in the room when it comes to the chips players that does take to lead to a broadening of upside potential for a lot of the chips names.

If you take a look at a video stock just today, you do see that it hit its bottom just before or after.

Rather this rosen black price hike and that has continued to be moving to the upside following that.

So that could be part of why we're seeing this movement in the overall chip sector today.

But again, that news on pa on potentially being a big chips provider for Sam and moving forward also leading to some upside in that stock.