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Qualcomm's Stock Skyrockets 4.78% Amid Snapdragon 8 Elite 2 Buzz and Strategic Acquisition Moves

Mover TrackerMonday, May 12, 2025 7:25 pm ET

1min read

On May 12, Qualcomm saw its stock rise by 4.78%, marking an upward trend for five consecutive days, with a near 9.09% increase over the past five days, reaching a peak unmatched since April 2025. This surge is propelled by significant developments surrounding the company's Snapdragon 8 Elite 2 mobile platform.

The upcoming Snapdragon 8 Elite 2 platform, as revealed by leaks, boasts substantial enhancements across essential specifications, including its process technology, CPU, GPU, and NPU capabilities. Engineered using TSMC's cutting-edge third-generation 3nm N3P process, the Snapdragon 8 Elite 2 maintains Qualcomm's in-house Oryon CPU architecture, featuring a configuration of two superior cores and six high-performance cores.

Notably, the platform incorporates SME1/SVE2 technology, escalating its independent cache from 12MB to 16MB. Furthermore, the NPU processing power experiences a significant leap from 80TOPS to 100TOPS, enhancing the CPU's efficiency in managing high-demand AI and multimedia tasks, thereby dramatically boosting AI capabilities.

Another vital advancement includes support for hardware-level sunlight-readable screens, enhancing display brightness and clarity, and improved native-level frame interpolation technology. This translates to more fluid visuals for gaming and video playback. The Snapdragon 8 Elite 2 represents a significant upgrade over its predecessor, the Snapdragon 8, which was based on TSMC's second-generation 3nm process, offering users a heightened performance and AI computing experience.

In another strategic move, Qualcomm is engaged in acquiring Alphawave, a UK-based semiconductor IP firm. The U.K. Takeover Panel has extended the deadline for Qualcomm’s bid to May 27, allowing more time for negotiation, reflecting active discussions as both parties work towards an agreement. This acquisition aligns with Qualcomm's strategy to bolster its AI capabilities, as Alphawave's SerDes technology is integral to AI processors, essential for seamless operation in complex AI applications like chatbots.

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