Stock Market Update
27-Apr-26 08:25 ET
Qualcomm higher on OpenAI partnership
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +1.00. Nasdaq futures vs fair value: +33.00.
The S&P 500 futures currently trade one point above fair value.
Qualcomm (QCOM 165.99, +17.14, +11.5%) is sharply higher in the premarket after TF International Securities analyst Ming-Chi Kuo wrote on X that the company is working with OpenAI to develop smartphone processors.
CNBC adds that Apple (AAPL 267.74, -3.32, -1.2%) is lower this morning on the news, which points to a potential new competitor.
