Qualcomm shares jumped just over 9% on Monday, closing at $194.23, up $16.51, as the semiconductor company rode a broad advance in tech and chip stocks and announced a joint demonstration of optical interconnect technology aimed at artificial intelligence infrastructure. The stock recorded its highest close since late June. The gain came alongside the company's disclosure, with its partners, of the optical interconnect demonstration targeting AI infrastructure. Qualcomm's 52-week high stands at $259.92, roughly 34% above Monday's close, while its 52-week low is $121.99. Volume was approximately 18.24 million shares, about 1.32 times the one-month average.
Qualcomm IncorporatedQualcomm announced a joint demonstration of optical interconnect technology targeting AI infrastructure.
