Qualcomm's CEO Reveals 40+ AI Devices For A Post-App Future — Stock Gains 4% As $10 Billion Tenstorrent Deal Rumours Swirl

Qualcomm stock jumped 4% in pre-market trading after CEO Cristiano Amon announced the company is developing over 40 AI-powered devices designed to function as personal AI agents. The product lineup includes smart glasses, jewelry, earbuds, and watches, marking Qualcomm's push beyond smartphones into wearable AI hardware.

The rally gained momentum on reports that Qualcomm is in acquisition talks with AI chip startup Tenstorrent, with a deal valued between $8 billion and $10 billion. The potential acquisition would bolster Qualcomm's chip capabilities to support its expanded AI device strategy, adding specialized AI processing technology to its existing Snapdragon platform.

Amon's vision centers on devices that act as autonomous AI agents rather than app-dependent hardware, positioning Qualcomm to capture share in the emerging on-device AI market. The company is betting that AI processing will shift from cloud servers to edge devices, creating demand for its mobile processors in new form factors beyond phones.