AI Alliance: U.S. Semiconductor Stocks Surge by 47 Trillion Won

On the 29th, Qualcomm Inc. (NASDAQ: QCOM) saw its share price jump more than 15% from the previous day on the Nasdaq, closing at $173. Its market capitalization swelled to about $184.6 billion (roughly KRW 260 trillion), up approximately $33.4 billion (KRW 47 trillion) in a single session. Trading volume also surged, reaching 24.04 million shares.

Analysts point to a mix of catalysts behind the rally: the release of Q2 fiscal 2026 results, a dividend increase, the announcement of a new $20 billion share repurchase program, and growing optimism around expected edge AI collaboration with OpenAI first reported two days earlier.

Headquartered in San Diego, Qualcomm is a wireless-communications chip designer that earns a significant share of its revenue and profits from Snapdragon smartphone chipsets and licensing fees on telecom standards patents. More recently, the company has highlighted a strategic push to become a leading AI semiconductor player—competing with Nvidia and AMD—by rolling out AI accelerators for data centers and AI platforms for edge devices.