QUALCOMM Inc. (QCOM) shares jumped 12.80 percent to $190.56, up $21.62 in Monday trading, after announcing a collaboration with HUMAIN to deploy advanced AI infrastructure in Saudi Arabia ahead of the 9th Future Investment Initiative conference.
Qualcomm traded between $168.82 and $205.55 after opening at $169.09, compared with a previous close of $168.94 on the Nasdaq. Volume surged to 62.54 million shares, well above the average of 7.94 million. The stock's 52-week range is $120.80 to $205.55.
The partnership aims to create the world's first fully optimized edge-to-cloud hybrid AI system, positioning Saudi Arabia as a global AI hub.
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December 19, 2025 15:10 ET U.S. inflation data and interest rate decisions by major central banks were the highlights of this busy week for economics news flow. Employment data and survey results on the housing markets also gained attention in the U.S. In Europe, the European Central Bank and Bank of England announced their policy decisions and macroeconomic projections.