$QCOM

SLB (NYSE: SLB) and Qualcomm Technologies have partnered to develop edge AI solutions for the energy sector, aiming to enhance real-time decision-making in remote operations. The collaboration leverages Qualcomm's low-power edge computing and SLB's Agora™ edge AI and IoT solutions. Energy operators are increasingly adopting automation, driving demand for AI systems that can operate closer to operational workflows. The partnership reflects industry interest in more autonomous and resilient energy

Last week, retail traders focused on tech stocks amid AI-driven shifts. Apple (AAPL) and Microsoft (MSFT) faced selling pressure after price hikes, while Micron (MU) surged on strong earnings. Qualcomm (QCOM) fell despite expansion plans. Infleqtion (INFQ) gained on quantum tech orders, and Rocket Lab (RKLB) joined Nasdaq-100. SpaceX declined post-IPO.

Qualcomm (QCOM) shares fell 30% in three months after missing EPS estimates, with Wall Street analysts lowering targets. Baird's Tristan Gerra set a $400 price target, citing potential gains in automotive and AI sectors. QCOM trades at $168.57, with a consensus target of $193.10. Peers like Micron (MU) and Marvell (MRVL) have seen significant gains.

Qualcomm introduced Adreno Neural Fusion, an AI-based rendering tech for Snapdragon devices. It combines AI super resolution, neural processing, and frame generation to improve graphics quality and gaming performance while reducing power consumption. The tech uses new Adreno Matrix Cores for AI workloads and a dedicated 18MB cache. It's supported by Unity and Unreal Engine, aiming to balance graphics quality, frame rate, and battery life. Qualcomm will discuss more at Snapdragon Summit 2026.

Qualcomm and HUMAIN launched Horizon Ultra, an AI PC powered by Snapdragon X2 Elite, at LEAP 2026. It runs Windows initially, with HUMAIN OS planned for 2027. The device features on-device AI processing for privacy and performance, targeting enterprise and content creation. Availability begins September 20, 2026, according to the companies.

Qualcomm introduced the Dragonwing Q-2390 and IQ-2390 chips for local AI processing in smart devices and industrial equipment. The Q-2390 targets consumer gadgets, while the IQ-2390 is designed for rugged industrial use. Both chips aim to reduce costs and complexity by integrating multiple features into a single platform. Qualcomm plans to showcase the chips at IFA 2026 and ship developer kits next year.

QUALCOMM (QCOM) shares have declined 36.8% from their 52-week high, underperforming the semiconductor sector ETF (XSD). The company reported Q3 2026 results with a lower-than-expected Q4 EPS forecast, citing cost pressures and potential revenue declines from Apple. Despite this, analysts maintain a 'Moderate Buy' rating with a mean price target of $197.62, a 20.4% premium to current levels.

The U.S. Supreme Court asked Qualcomm and the U.S. government to respond to a petition filed by FedEx regarding a legal challenge. The petition seeks a review of a lower court's decision involving Qualcomm's business practices.

Qualcomm launched the Dragonwing Q-2390 and IQ-2390 processors for AIoT applications. The Q-2390 targets consumer and commercial devices, while the IQ-2390 is for industrial uses. Both offer quad-core Cortex-A78/A55 CPUs, optional RISC-V core, and support for Android, Linux, and Ubuntu. Evaluation kits are expected in Q1 2027, with availability until 2036.

Qualcomm implemented a double-digit price increase for its chips, effective September 1, citing higher supplier costs. The hike impacts Apple, Samsung, and other manufacturers. Apple's reliance on Qualcomm is decreasing due to its own modem development, but some iPhone 18 Pro models may still use Qualcomm chips. The price increase is expected to contribute to higher phone prices.