Qualcomm's stock surged on Monday

Qualcomm shares rose at the start of trading on Monday

 

The market saw a rise in Qualcomm's stock

with the stock climbing approximately 3% following the company's announcement

of its next-generation robotics architecture, along with the announcement

of a new high-performance processor targeting advanced robots and humanoid robots.

It is worth noting that the company's new architecture relies on integrating its expertise

in edge artificial intelligence with energy-efficient computing systems.

Today, Nakul Duggal, Vice President and CEO, stated

As pioneers in energy-efficient AI systems,

we understand exactly what is needed to make even the most complex robotic systems

operate safely and reliably.

 

Technical Outlook for the Stock

From a technical perspective, the stock is currently trading at around $176.

If today's candle closes above this level, we expect to see a continuation of the upward trend.

In the medium term, the target is $183,

which represents a previous resistance level that is expected to be broken.

If the price breaks above and closes above this resistance level,

we expect to see a continuation of the upward trend towards $192.