Qualcomm Gains, Microsoft Falls, Domino's Sinks as Outlook Revised to a More Ambiguous Tone
On this episode of Stock Movers:- Qualcomm (QCOM) shares jumped after a tech industry analyst suggested the chipmaker is working with OpenAI on a smartphone. analyst, Ming-Chi Kuo, said his industry checks revealed that OpenAI was working with MediaTek Inc. and Qualcomm to develop smartphone processors.- Microsoft (MSFT) shares fall. Microsoft Corp. and OpenAI have agreed to drop the software giant’s exclusive right to sell the startup’s AI models. The new pact simplifies a complicated relationship and allows OpenAI to pursue deals with cloud-computing rivals like Amazon.com Inc.-…
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