Qualcomm, Inc. (NASDAQ:QCOM) shares are trading higher Tuesday amid strength in chip stocks. The stock rose following a report Monday suggesting Qualcomm could be the only system-on-chip (SoC) supplier for Samsung's Galaxy S25.
What To Know: Ming-Chi Kuo, a tech analyst, suggested on X Monday that Samsung will likely be the only SoC supplier for the Samsung Galaxy S25 as the Exynos 2500 may not ship on time.
Specifically, Qualcomm's Snapdragon 8 Gen 4 could be the primary SoC for the Samsung Galaxy S25. The report also suggested a 25-30% price increase for the Snapdragon 8 Gen 4.
Becoming the only SoC supplier would be a notable increase from Samsung's Galaxy S24 where Qualcomm supplied 40% of the SoCs.
According to data from Benzinga Pro, other chip companies, such as NVIDIA (NASDAQ:NVDA) and Super Micro Computer (NASDAQ:SMCI) are also moving higher as of Tuesday morning.
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QCOM Price Action: At the time of publication, Qualcomm stock is trading 3.08% higher at $229.08 per data from Benzinga Pro.
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