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Why Qualcomm (QCOM) Stock Is Trading Up Today

What Happened?

Shares of wireless chipmaker Qualcomm (NASDAQ:QCOM) jumped 4.8% in the afternoon session after macro rate relief from the Iran peace deal, a Wells Fargo price target increase, and positive positioning ahead of a June 24 Investor Day drove renewed market interest.

The macro backdrop was the same force lifting the entire chip sector. Oil fell another 4% as Trump's Iran deal announcement from the previous day gained credibility, pulling Treasury yields lower and expanding the multiples that future-earnings chips trade on.

Qualcomm had fallen 26% from its 2026 peak through June 10, hit by Nvidia's RTX Spark competing in the Windows on Arm PC market and by regulatory fears over its ByteDance AI chip deal, and seemed to be reclaiming some of that ground alongside AMD and broader semiconductors.

Also, Wells Fargo raised its price target to $230 from $160, citing growing confidence in the data centre opportunity ahead of June 24. The driver is Qualcomm's AI100 Ultra, now available through AWS, which Wells Fargo says carries competitive revenue per GPU hour versus other cloud AI products. JPMorgan is separately on positive catalyst watch, expecting the Investor Day to outline data centre revenue targets exceeding $3 billion in fiscal 2027 and $35 billion by fiscal 2031.

CEO Cristiano Amon confirmed at the Bernstein conference on May 27 that custom ASIC shipments, originally targeted for fiscal 2027, have been pulled into calendar year 2026. Asked what "material" data centre revenue means at Qualcomm's scale, Amon was direct: "Material has to be in the multiple billions of dollars.".

Is now the time to buy Qualcomm? Access our full analysis report here, it's free.

What Is The Market Telling Us

Qualcomm's shares are very volatile and have had 22 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was about 22 hours ago when the stock gained 5.6% on the news that the Nasdaq rebounded, up 1.8%, as Trump's Iran peace deal announcement released the rate pressure that weighed on the sector all week.

Semiconductor stocks trade at elevated multiples on future earnings, making them disproportionately sensitive to interest rates. Oil falling more than 3% and the 10-year Treasury yield dropping to 4.47% released the rate hike pressure that drove the sector's worst week since 2020. The structural AI demand story never broke: Intel's BofA double upgrade to $135 earlier in the day confirmed hyperscalers are placing real production orders at domestic foundries, and AI infrastructure capex commitments remained intact.

Story Continues

Qualcomm is up 24% since the beginning of the year, but at $214.51 per share, it is still trading 14.5% below its 52-week high of $251.02 from May 2026. Investors who bought $1,000 worth of Qualcomm's shares 5 years ago would now be looking at an investment worth $1,562.

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Yahoo Finance Senior Reporter Brooke DiPalma joins Market Domination to tackle today's top trending tickers, including the momentum driving SpaceX (SPCX) shares in Friday's session after the company's IPO, the impact it is having on other space stocks Virgin Galactic (SPCE) and Rocket Lab (RKLB), and how semiconductor stocks such as Micron Technology (MU) and Nvidia (NVDA) are moving on the historic public offering.

Video Transcript

00:05 Jared

It is time to cover some of today's trending tickers brought to you by CBO. We're watching SpaceX, other space stocks and chip names and joining me now live from the Nasdaq is Yahoo Finance's Brooke De Palma. So Brooke, we got to talk about SpaceX here. You were there at 11:45 a.m. when we got that first trade, 56 something million shares, $8.4 billion dollars. What was it like?

00:32 Brooke DiPalma

Yeah, I mean the stock opened up at 150, now hovering just above 160 after surpassing 170 earlier this day. Definitely the excitement, the energy, it is all there. But you can't help but also follow this story on social media as well. Elon Musk, uh particularly, uh sort of making this more than just an IPO itself. There are so many ways that this IPO is so unique including that $135 IPO price that we got even in the filing. On top of the fact that retail investors are getting larger piece of pie. But I also want to draw your attention to this tweet where they actually gave the underwriter, supposedly Elon Musk, giving the underwriters green shoes because of the green shoe option, essentially saying that underwriting banks can sell more shares than actually exists within the offer. Typically that's upwards of more than 15%. And so it just goes to show that the energy, the excitement and and the anticipation that this IPO going into it was already going to be oversubscribed. It's certainly there and you could see this just sort of playing out not only here at the Nasdaq but really across of social media. A lot of social posts that have been putting out are getting such high engagement. Um so really, SpaceX now trading above still above nearly uh 19% more than that IPO price of 150.

01:23 Jared

Yeah. We were just talking to Caleb Silver down at the New York Stock Exchange and guess what they're watching too. All right, we we got to move on here because looking at some of the other space stocks out there, you could say Rocket Lab, Virgin Galactic, EchoStar, UFO ETF, they're all trading lower here. And this raises an overarching concern I've heard a lot this week, which is SpaceX is so big, maybe it's just sucking money out of other trades and there are concerns that maybe, you know, we're putting in a temporary market top here because of its size. What do you think, Brooke?

01:54 Brooke DiPalma

Right. Right. Well, if you take a look at SPCE, which is quite similar to SPCX, which is what SpaceX is now trading under, that's Virgin Galactic. And going into this, year to date, the stock was up more than 22%. Now the stock trading just below $4 per share. And so you have to wonder with so much discussion around how this SpaceX IPO was really providing such momentum to the space economy, the interest in the space economy, you have to wonder how these IPOs or rather how these companies within the space sector will perform following this when it seems like everybody wants to be in on the company who seemingly seems to be doing everything. I mean, Elon Musk wants to build a colony on Mars. Elon Musk is already putting data centers or rather satellites into space, eventually data centers into space. He also wants to get colonization on the moon. And so they're playing into these long-term bet that's also taking some near-term strategy. A company that's not profitable, a companies that's revenue is far less than its valuation, but it seems like investors right now willing to take the risk, perhaps moving away from some of these, you know, old school, long running space companies that we've seen listed for quite some time.

03:00 Jared

Sure, like Boeing, Lockheed Martin, etc. Want to talk to you about semiconductors because they've had an incredible run this quarter, but they've been under a bit of pressure at various times this week and part of what I was just talking about, the concern that some of the uh that the SpaceX trade is being funded by other parts of the market. Well, are we seeing that in the chip trade here?

03:24 Brooke DiPalma

Yeah, what we're seeing as we head or make our way into this afternoon, if you take a look at what we're seeing within the YF interactive, we are seeing uh some intraday trading, mostly a mixed picture, but Nvidia, Broadcom, Micron, ASML, all down, moving lower, but at the same time, you do have some stocks that are benefiting not only from perhaps this risk-on sentiment that SpaceX is is inviting to the market given that it has outperformed expectations, certainly well above that 135 IPO price. But on top of that, too, you have this potential ceasefire uh within uh with between the US and Iran. So that's certainly contributing to some momentum that we're seeing in the market, too. But some of the names seeing the most momentum today include Intel, ARM, Qualcomm, even SanDisk seeing a nice pop. And so certainly these names that are playing into this larger AI narrative are seeing some tailwinds because of the SpaceX IPO, Jared.

04:09 Jared

Yeah, and you got to think that the uh the winners, that might be a narrower group going forward. But I appreciate you stopping by here, Brooke. Yeah.

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The S&P 500 Index ($SPX) (SPY) is up +0.58%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.91%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.64%.  June E-mini S&P futures (ESM26) are up +0.70%, and June E-mini Nasdaq futures (NQM26) are up +0.79%.

Stocks are seeing support again today as reports circulate that an interim US-Iran peace agreement could be signed as early as this weekend, ending the military hostilities, reopening the Strait of Hormuz, and ending the US blockade on Iran and its oil exports.  Negotiations would then begin on the more intractable issues, such as sanctions against Iran, the release of $24 billion of frozen Iranian assets, and the resolution of Iranian nuclear issues.  However, Iran said its leaders still need to make a final decision on the proposed interim peace deal.Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.

Stocks surged on Thursday after President Trump said he canceled planned military strikes against Iran, citing "discussions" with Iranian leadership.  He added that a "time and place of the signing" of a negotiated end to the war would "be announced shortly," and the US naval blockade of the Strait of Hormuz "will remain in full force and effect until this transaction is finalized."

WTI crude oil prices (CLN26) are down more than -3% today on hopes for a near-term US-Iran agreement and a reopening of the Strait of Hormuz.

In positive news for stocks, the University of Michigan’s June US Consumer Sentiment Index rose +4.1 to 48.9, which was stronger than expectations for a rise to 46.0.  Also, the University of Michigan’s June 1-year inflation expectations rate eased to +4.6% from +4.8% in May, and was weaker than expectations of +4.9%.  The June 5-10 year inflation expectations rate eased to +3.4% from +3.9% in May, weaker than expectations of +3.8%.

The markets are discounting a zero percent chance of a +25 bp rate hike at the next FOMC meeting on June 16-17.

Overseas stock markets are higher today.  The Euro Stoxx 50 is up +1.9%.  China's Shanghai Composite closed up +1.12%.  Japan’s Nikkei-225 Stock Average closed up +2.81%.

Interest Rates

September 10-year T-notes (ZNU6) today are down -3 ticks, and the 10-year T-note yield is up +1.6 bp at 4.477%.  T-notes are seeing weakness today as the 10-year inflation expectations rate is up +0.1 bp at 2.306%, despite today’s drop in oil prices.  The T-note market remains worried about inflation pressures, which are likely to remain sticky even after the Strait of Hormuz reopens.  The T-note market has some carry-over weakness from Thursday, when demand was lackluster for the Treasury’s 30-year bond auction.

European government bond yields are trading lower.  The 10-year German bund yield is down -3.3 bp at 2.999%.  The 10-year UK gilt yield is down -6.6 bp at 4.839%.

On Thursday, the ECB, as expected, raised the deposit facility rate by +25 bp to 2.25% from 2.00% and said, "The outlook remains uncertain, with upside risks for inflation and downside risks for economic growth." Swaps are discounting a 37% chance of a +25 bp ECB rate hike at its next policy meeting on July 23.

US Stock Movers

Space Exploration Technologies Corp (SPCX), doing business as SpaceX, started trading today near $160 per share, up nearly +20% from Thursday’s IPO of $135.  The IPO was more than four times oversubscribed, indicating strong demand for the stock.  A strong showing by SpaceX today would be positive for investor sentiment and could help the upcoming IPOs for AI companies Anthropic and OpenAI.

Space-linked stocks are trading lower despite the favorable SpaceX debut, with EchoStar (SATS) down more than -9%, and Rocket Lab (RKLB) down more than -7%.

Chip stocks recovered from early losses and are trading mostly higher.  The iShares Semiconductor ETF (SOXX) is up +2.25% today, adding to Thursday’s sharp rally of +8.39%.  Thursday’s rally was sparked by signs that AI spending is continuing after Oracle reported quarterly capital expenditures that were higher than expected, driven by increased data center spending.  Chip leaders today include Arm Holdings (ARM)with a gain of more than +10%, and gains of more than +5% in Qualcomm (QCOM), AMD (AMD), and Intel (INTC).

Adobe (ADBE) is down more than -7% after CFO Dan Durn said he would leave the company on June 15, following news earlier this year that Adobe’s CEO would resign.  The Adobe news put continued downward pressure on software stocks, which were undercut on Thursday by negative earnings news from Oracle (ORCL).  Autodesk (ADSK) is down more than -3% and Intuit (INTU) is down by more than -2%.

Airline stocks are seeing continued support after oil prices today moved lower, adding to Thursday’s decline.  United Airlines (UAL), American Airlines (AAL), and Southwest Airlines (LUV) are all up more than +3%.

Energy stocks and service providers are trading higher with today’s continued sell-off in crude oil prices.  Occidental Petroleum (OXY), Valero (VLO), and Marathon Petroleum (MPC) are all up more than +2%.

Astera Labs (ALAB), CoreWeave (CRWV), Nebius Group (NBIS), Rocket Lab (RKLB), and Teradyn (TER) are seeing support today after Nasdaq announced on Thursday that those stocks will join the Nasdaq 100 Index, effective at the market open on June 22. Stocks leaving the Nasdaq 100 include Charter Communications (CHTR), Cognizant Technology Solutions (CTSH), Insmed (INSM), Verisk Analytics (VRSK), and Zscaler (ZS).

Travelers (TRV) is seeing downward pressure after Barclays cut its rating on the stock to underweight from equal-weight due to a downbeat outlook for profits in the property and casualty sector.

Earnings Reports(6/12/2026)

America's Car-Mart Inc/TX (CRMT), Atlantic International Corp (ATLN), Friedman Industries Inc (FRD), Liberty Live Holdings Inc (LLYVA), Pioneer Bancorp Inc/NY (PBFS), Richtech Robotics Inc (RR), Seneca Foods Corp (SENEB), Whitestone REIT (WSR).

On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Neura Robotics, backed by Qualcomm, Nvidia and Amazon, has secured funding of up to US$1.4b to scale AI-powered humanoid and cognitive robots across multiple industries. Qualcomm’s automotive partner QCraft is preparing global mass-market deployment of autonomous driving solutions built on Qualcomm’s SA8650P platform. These developments highlight Qualcomm’s push beyond smartphones into robotics and intelligent vehicles through its wider AI and hardware ecosystem.

For investors tracking NasdaqGS:QCOM, this kind of ecosystem news sits alongside a mixed share price picture. The stock is trading at about US$191.20, with the share price down 23.5% over the past week and down 19.5% over the past month, while still up 10.5% year to date and 22.4% over the past year. Over a 3 year period the stock is up 65.4%, and over 5 years it is up 57.8%.

These robotics and automotive AI developments illustrate how Qualcomm is positioning its chips and platforms in areas that reach far beyond mobile handsets. For readers, the key question is how much value the market ultimately assigns to this broader AI and edge-computing role as partnerships such as Neura Robotics and QCraft move further into real-world deployment.

Stay updated on the most important news stories for QUALCOMM by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on QUALCOMM.NasdaqGS:QCOM Earnings & Revenue Growth as at Jun 2026

We've flagged 2 risks for QUALCOMM. See which could impact your investment.

Quick Assessment

❌ Price vs Analyst Target: The stock at US$191.20 is about 6% above the US$180.48 analyst target, with expectations spread widely between US$100 and US$300. ❌ Simply Wall St Valuation: Shares are flagged as trading 25.1% above estimated fair value. ❌ Recent Momentum: The price has fallen 19.5% over the past 30 days.

There's only one way to know the right time to buy, sell or hold QUALCOMM. Head to Simply Wall St's company report for the latest analysis of QUALCOMM's Fair Value.

Key Considerations

📊 Neura Robotics funding and QCraft mass production plans show Qualcomm’s AI chips and platforms being used in humanoid robots and intelligent vehicles, which broadens its use cases beyond smartphones. 📊 Watch how much of Qualcomm’s US$44.5b revenue base and 22.3% net margin eventually comes from AI robotics and automotive, and whether the P/E of 20.3x trends closer to the Semiconductor industry average of 61.0x. ⚠️ Analyst forecasts point to earnings declining by an average of 3.3% per year over the next 3 years, so investors may want to check if robotics and automotive AI can offset that pressure.

Story Continues

Dig Deeper

For the full picture including more risks and rewards, check out the complete QUALCOMM analysis. Alternatively, you can check out the community page for QUALCOMM to see how other investors believe this latest news will impact the company's narrative.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include QCOM.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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The server CPU market is set to grow significantly through 2030 on the back of the global AI data center build-out.

According to BofA Global Research analyst Vivek Arya, the server CPU total addressable market (TAM) will grow to more than $170 billion by 2030 from $35 billion in 2025, a 5x expansion, and well ahead of prior 2030 TAM estimates of $125 billion.

"We view the emergence of agentic AI as a powerful demand accelerant that expands the CPU opportunity and lifts both [Intel and AMD] and [Arm-based] challengers," Arya wrote.

CPUs, or central processing units, have become an increasingly important part of the AI explosion. While graphics processing units (GPUs) continue to dominate data center spending, CPUs from Intel (INTC), AMD (AMD), and those built using Arm's (ARM) chip architecture are set to grab a bigger slice of the AI pie.

The reason comes down to the growth of AI agents, otherwise referred to as agentic AI. AI agents are autonomous and semi-autonomous digital helpers that can perform tasks on a user's behalf.

You can build your own agents using popular tools like OpenAI's (OPAI.PVT) Codex, Anthropic's (ANTH.PVT) Claude, and Google's (GOOG, GOOGL) Gemini. Consumer devices, such as smartphones and laptops, are also beginning to provide agentic capabilities.

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While GPUs continue to power AI models, when AI agents take actions based on your prompts, such as scouring your email for a message about an upcoming conference and putting it on your calendar, they're relying on CPUs to perform those tasks.

The continued increase in the use and number of AI agents will only drive CPU demand higher, Arya explained in his note.Intel CEO Lip-Bu Tan attends a press conference during the Computex 2026 exhibition in Taipei, Taiwan, Tuesday, June 2, 2026. (AP Photo/Chiang Ying-ying)·AP Photo/Chiang Ying-ying

That, coupled with recent news that Intel is working to build chips for Google and Nvidia, has sent shares of the chip builder soaring 436% over the last 12 months. AMD, meanwhile, has climbed 280% in the same period.

While Intel and AMD stand out among data center CPU vendors, Nvidia (NVDA) and Qualcomm (QCOM) stand to grab a piece of the market, as well.

Nvidia already offers its Grace CPU as part of its Grace Blackwell superchip, and it has begun offering its own CPU-based servers. Qualcomm, meanwhile, is expanding into the data center space with its own data center CPU, which it's rumored to debut later this month.Sign up for Yahoo Finance's Week in Tech newsletter.·Yahoo Finance

Email Daniel Howley at dhowley@yahoofinance.com. Follow him on Twitter at @DanielHowley.

For the latest earnings reports and analysis, earnings whispers and expectations, and company earnings news, click here

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This article first appeared on GuruFocus.

Semiconductor stocks rose on Thursday after Bank of America said agentic AI could open a market worth more than $170 billion for server CPUs by 2030, lifting outlooks for Nvidia (NASDAQ:NVDA), Advanced Micro Devices (NASDAQ:AMD), Intel (NASDAQ:INTC) and Arm Holdings (NASDAQ:ARM), according to a Wednesday research note.

AMD jumped about 3%, Intel climbed more than 4% and Arm gained over 3% in morning trading, while Nvidia edged up about 1%. The brokerage said CPUs may take on a larger share of AI work as systems move beyond simple prompt responses.

Warning! GuruFocus has detected 3 Warning Signs with NVDA. Is NVDA fairly valued? Test your thesis with our free DCF calculator.

Bank of America raised AMD's target to $560 from $500 and Arm's target to $335 from $245. It also upgraded Intel to Buy and set a $135 target, saying Nvidia remains its top semiconductor pick because of its full-stack AI position.

The firm kept Qualcomm (QCOM) at Underperform, even with an expected AI CPU update at its June 24 AI Day. Investors also watched Nvidia's participation in a funding round for German robotics start-up Neura Robotics, which wants to scale production to several million robots a year by 2030.

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During a recent visit to Seoul, South Korea, Nvidia (NASDAQ: NVDA) CEO Jensen Huang openly praised another artificial intelligence (AI) semiconductor stock: Qualcomm (NASDAQ: QCOM). Huang acknowledged Qualcomm's success in mobile devices and AI-enabled smartphones, even telling investors to buy Qualcomm stock.

This endorsement comes at a pivotal time, as the AI infrastructure boom accelerates demand for specialized chips across data centers, personal devices, and vehicles. Huang's comments quietly highlight deeper strategic differences between Nvidia and the competitive landscape: Not every pocket of the AI realm requires Nvidia's high-performance GPUs.

Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »

Let's dive into what makes Qualcomm unique and assess whether the stock is a good buy right now, as Huang suggests.

Why does Jensen Huang like Qualcomm?

Huang notes that Nvidia's bread and butter is in accelerated computing for data centers, robotics, and AI infrastructure. However, he acknowledges that Nvidia lacks the same competitive advantages in edge devices -- mobile phones and consumer electronics. Huang said, "I don't think we're incredibly good at mobile devices, and I don't think it's necessary," directing investors toward Qualcomm instead.

Qualcomm has demonstrated strong performance in on-device AI for smartphones, where chips must deliver inference while also drawing minimal power to preserve battery life. I don't think Huang was simply being polite. Rather, he seems to recognize that Qualcomm's focus complements Nvidia's strengths -- allowing both companies to succeed in an ever-expanding chip landscape without direct overlap in mobile AI.Image source: Getty Images.

What is Qualcomm's role in the AI chip stack?

While Nvidia's GPUs dominate data centers, these chip clusters typically handle the heavy training required to build AI models at scale. By contrast, Qualcomm's Snapdragon chip platform is marketed toward on-device processing across smartphones, laptops, automotive systems, and Internet of Things (IoT) devices. These solutions prioritize low latency and energy efficiency -- enabling AI to run locally rather than constantly relying on remote cloud environments.

Qualcomm has also aggressively expanded into AI inference for data centers with its AI200 and AI250 accelerators, optimized for lower power consumption and memory management. This architecture directly targets workloads where Nvidia's ecosystem may be too costly.

Story Continues

Is Qualcomm stock a buy?

Per the company's second-quarter earnings, Qualcomm's automotive revenue accelerated 38% year over year, while the IoT segment posted high-single-digit growth. This traction is notable as Qualcomm works hard to diversify beyond a soft handset device market.

As investment in AI infrastructure continues compounding, the company's new initiatives across inference and memory deployments could prove promising as enterprises seek efficient alternatives for edge-to-cloud workloads.QCOM PE Ratio (Forward) data by YCharts

On the valuation side, Qualcomm trades at a modest forward price-to-earnings (P/E) multiple relative to the premiums seen in many other leading AI chip stocks. While competition in AI PCs is heating up, Qualcomm's established foothold and cost-effective designs should provide resilience for the time being.

As Huang suggests, Qualcomm looks poised for further upside as on-device AI adoption accelerates across consumer and enterprise markets. In my eyes, Qualcomm offers a rare balance of growth at a reasonable price in a chip sector dominated by AI-driven hype.

Should you buy stock in Qualcomm right now?

Before you buy stock in Qualcomm, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Qualcomm wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $442,220! Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,230,114!

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Adam Spatacco has positions in Nvidia. The Motley Fool has positions in and recommends Advanced Micro Devices, Broadcom, Marvell Technology, Micron Technology, Nvidia, and Qualcomm. The Motley Fool recommends Arm Holdings. The Motley Fool has a disclosure policy.

Jensen Huang Just Told Investors to Buy This Under-the-Radar Artificial Intelligence (AI) Chip Stock (Hint: It's Not Marvell) was originally published by The Motley Fool

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Franklin Wireless Corporation

Next-generation mobile router hotspot combines 5G-Advanced ready performance, Wi-Fi 7, Gigabit per Second Ethernet and enterprise management in a compact portable design

SAN DIEGO, June 11, 2026 (GLOBE NEWSWIRE) -- Franklin Access (NASDAQ: FKWL), a leader in broadband and wireless communications solutions, today announced the launch of the new Franklin RG3100 5G Mobile Router Hotspot, now available on T-Mobile's nationwide 5G network. Built on Qualcomm's next-generation SDX72 modem platform, the RG3100 delivers enhanced 5G performance, enterprise-ready management capabilities, and flexible deployment options for consumers, businesses, education, and public sector users.

"We are excited to launch the Franklin RG3100 on T-Mobile's industry-leading 5G network," said OC Kim, president of Franklin Access. "The RG3100 represents a major advancement in mobile connectivity by bringing together next-generation Wi-Fi 7 performance, international roaming support, advanced 5G capabilities, enterprise management tools, and flexible always-on operation in a compact mobile hotspot designed for today's connected world."

The Franklin RG3100 features tri-band Wi-Fi 7 connectivity across 2.4 GHz, 5 GHz, and 6 GHz bands, delivering lower latency, improved capacity, and faster wireless performance for bandwidth-intensive applications including video conferencing, cloud collaboration, streaming, and enterprise mobility. With support for 32 simultaneously connected Wi-Fi devices, the RG3100 is ideal for mobile professionals, remote workers, field teams, temporary work sites, small businesses, and families on the go.

"Modern work demands connectivity that's ready for anything, anytime, anywhere," said Brent Johnston, Vice President of T-Mobile for Business Product. "By combining T-Mobile nationwide 5G performance with advanced Wi-Fi capabilities, the Franklin JEXtream® RG3100 supports more devices, new use cases, and moments that matter for remote teams, small businesses, and people on the go."

Built to perform beyond traditional consumer hotspots, the Franklin RG3100 includes advanced networking and deployment capabilities typically associated with larger fixed wireless routers. The device features both USB-C and Gigabit Ethernet connectivity for wired networking integration and supports battery-less direct-power operation for always-on deployments such as branch failover, kiosks, pop-up retail, temporary offices, and remote workstations.

To improve coverage and performance in challenging environments, the Franklin RG3100 incorporates an advanced antenna architecture with eight high-gain internal antennas and dual TS-9 external antenna ports for optional signal enhancement accessories.

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The Franklin RG3100 can be remotely managed by the JEXtream Mobile Device Management (MDM) platform (sold direct by Franklin), allowing organizations to configure, monitor, and manage large device deployments securely and efficiently. Enterprise customers can leverage centralized provisioning, location tracking, internet suspend and content filtering.

Additional features include a removable 5,000 mAh battery with integrated power-bank functionality for charging smartphones and portable devices, a bright 2.4-inch color display for simplified device management, and battery-less operation to enable optimized thermal management for extended mobile and fixed-use scenarios.

"The Franklin RG3100 reflects our continued commitment to delivering advanced mobile broadband solutions that combine performance, reliability, flexibility, and ease of deployment," added Kim. "As wireless connectivity becomes increasingly critical for both consumers and enterprise users, Franklin continues to innovate solutions that help businesses and consumers stay securely connected everywhere."

About Franklin Access

Franklin Access (NASDAQ: FKWL) specializes in integrated connectivity solutions powered by 4G LTE and 5G technologies. The company offers mobile device management (MDM), network management solutions (NMS), and innovative wireless products for the digital age. For more information, visit https://www.FranklinAccess.com.

Safe Harbor Statement

Certain statements in this press release constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. Actual results may differ materially from those expressed or implied due to various factors.

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As global mobile data consumption continues to rise and 5G networks expand into underserved regions, operators are increasingly seeking wireless backhaul solutions that are easier to deploy, lower in cost and more autonomously managed. Legacy approaches often rely on manual provisioning and limited visibility, resulting in slower rollouts and higher costs. Against this backdrop, MaxLinear MXL recently introduced the Trinity platform, a carrier-grade solution offering bidirectional wireless backhaul speeds of up to 10Gbps.

Trinity is based on the company's URX processor family. It pairs the URX850 SoC with a purpose-built cloud-native API framework that integrates with MaxLinear's millimeter and microwave modems. The platform enables cloud-managed, AI-optimized backhaul infrastructure, which means that operators can expand 5G coverage while simultaneously lowering deployment and operational costs through automation and real-time network intelligence.

The launch also positions MaxLinear to capitalize on the growing millimeter wave technology opportunity. As stated by the company, the market is expected to expand from roughly $3 billion in 2024 to more than $7 billion by 2029, representing about 20% annual growth, driven in part by the demand for scalable, cloud-managed and AI-enabled telecom infrastructure.

For the company's Original Equipment Manufacturercustomers, Trinity represents a major advancement as it now handles functions that previously required multiple components, including switching and quality-of-service (QoS) functionality, aggregation of multiple wireless links, high-speed data encryption and precise timing for carrier-grade networks.

At present, the Trinity platform is available with URX850, and the associated backhaul software kit is available now. OEM products based on Trinity are expected to launch in the first half of 2027.

Updates From MXL Peers — QRVO & QCOM

Qorvo QRVO has introduced an X-band radar front-end solution that enables defense system designers to achieve higher performance without increasing size, weight or prime power. Designed for modern phased array and multifunction sensors, the Qorvo QPF5012 combines transmit power, efficiency and receive sensitivity in a single compact module, addressing key challenges in next-generation radar design.

Qualcomm Technologies, Inc. QCOM recently introduced the Snapdragon C Platform, a new entry-tier processor designed to make modern personal computing more accessible to students, families and small businesses. The platform is engineered for power-efficient everyday computing experiences people rely on in entry-level laptops without sacrificing portability or all-day battery life.

Story Continues

The Zacks Rundown for MXL Stock

Over the past year, MaxLinear shares have surged 483% compared with the industry's 78% growth. Zacks Investment Research

Image Source: Zacks Investment Research

In terms of valuation, MXL trades at a forward, five-year Price/Sales (P/S) of 9.09X compared with its 2.74X median and the industry average of 10.30X. Zacks Investment Research

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for MaxLinear's 2026 and 2027 earnings has been trending upward for the past 60 days. Zacks Investment Research

Image Source: Zacks Investment Research

MaxLinear currently carries a Zacks Rank #2 (Buy).  You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

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This article originally published on Zacks Investment Research (zacks.com).

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Investing.com -- Bank of America has raised its 2030 server CPU total addressable market estimate to more than $170 billion from $125 billion, arguing that agentic AI is driving a near-fivefold expansion in CPU demand and lifting price objectives across several semiconductor names.

Analyst Vivek Arya said in a note on Thursday that the emergence of agentic AI represents "a powerful demand accelerant that expands the CPU opportunity and lifts both x86 incumbents and ARM challengers," implying a 37% compound annual growth rate over 2025 to 2030.

AMD’s price target was raised to $560 from $500 on higher CPU and GPU estimates, while ARM’s target was lifted to $335 from $245 on greater long-term chiplet potential.

Intel received a double upgrade to Buy with a $135 price target, reflecting both near-term CPU and long-term foundry upsides.

BofA said agentic AI differs from traditional generative AI by shifting from a single prompt-response workflow to a multi-step system that plans, reasons, retrieves information, and executes code simultaneously.

While accelerators remain critical for inference, Arya noted that orchestration and decision-making functions are "latency-sensitive, sequential, and I/O-intensive — making them better suited for CPUs."

AMD was named BofA’s top CPU pick on incumbency, pipeline strength, and an upcoming AI day featuring the Venice launch.

Nvidia remains the firm’s top overall sector pick "on full-stack AI leadership." Qualcomm was kept at Underperform despite an expected AI CPU announcement at its June 24 AI Day, with BofA citing "tough competition and limited SAM."

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