Qualcomm Inc. (NASDAQ:QCOM) shares are trending on Tuesday.

Shares of the California-based chipmaker, known for its Snapdragon chipsets, is edging 0.93% lower to hover around $192.43 in pre-market session Tuesday, following an announcement of a partnership with Alphabet Inc.‘s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google.

GOOGL Partnership Puts QCOM in Focus

On Monday, Qualcomm said the partnership will power a new line of “Googlebook” laptops built on its Snapdragon X Elite platform, integrating Google’s Gemini AI. According to the companies’ announcement, the devices will support native Android apps, cross-device syncing with Android phones and tablets, and Snapdragon Elite Gaming features, including faster frame rates and enhanced graphics.

Kedar Kondap, Qualcomm’s senior vice president and general manager of Compute and Gaming, said Snapdragon X Elite delivers “extraordinary performance and efficiency,” now extended to Android app support for Googlebook users.

Dell Technologies Inc (NYSE:DELL) and HP Inc (NYSE:HPQ) will be the first original equipment manufacturers to bring the Snapdragon X Elite-powered Googlebooks to market, with pre-orders now open.

Addressing this, Kondap said Qualcomm is proud to partner with Google and OEMs like Dell and HP to enable cross-device continuity for Snapdragon-powered Android phone users.

Insider Sale

A Securities and Exchange Commission filing on Monday disclosed CEO Cristiano Amon plans to sell 10,000 shares, worth about $1.95 million, under a prearranged 10b5-1 trading plan adopted in Dec. 2025. The company has 1.05 billion shares outstanding.

Trading Metrics, Technical Analysis

Qualcomm has a market capitalization of approximately $203.94 billion. Its stock has traded between a 52-week high of $259.92 and a 52-week low of $121.99.

QCOM has a Relative Strength Index (RSI) of 65.44.

Over the past 12 months, the large-cap stock has gained 16.41%.

QCOM is currently positioned at about 51.24% of its 52-week range.

Price Action: The tech stock closed Monday’s regular session at $194.23, up 9.29%, according to Benzinga Pro data.

With a Quality score of 92.32, Benzinga’s Edge Stock Rankings indicate that Qualcomm stock is showing a medium-term consolidation, while its long- and short-term price movements remain in upward trend.

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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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