On October 2, Qualcomm rose 3.01% in regular trading, trading at $187.895/share, with turnover of $262 million. The stock rebounded alongside a broad semiconductor sector recovery, after falling over 7% earlier in the week.

The rebound was driven by a sector-wide recovery in chip stocks, with Qualcomm among the leading gainers. TSMC reportedly accelerated its 2nm production capacity expansion due to a 10%-20% increase in customer orders, a development that directly benefits Qualcomm as one of TSMC's key clients. Qualcomm recently unveiled its sixth-generation Snapdragon 8 Extreme Edition and Snapdragon 8 Elite platforms, both built on 2nm process technology, with adoption confirmed by major OEMs including Xiaomi, vivo, OPPO, and Honor.

Additionally, bullish options activity has been notable in recent sessions, including a $940,000 net-debit call spread targeting the 190-210 strike range for October expiry, signaling institutional conviction in near-term upside. The broader semiconductor sector showed strength, with AMD up 4.17%, Intel up 3.62%, Broadcom up 2.86%, and NVIDIA up 2.83%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)