BUZZ-Qualcomm up, report says SpaceX may use Snapdragon chipset in potential AI device

SpaceX
QUALCOMM Incorporated

SpaceX

SPCX

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QUALCOMM Incorporated

QCOM

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** Chip firm Qualcomm's QCOM.O shares up 0.8% at $186.17

** SpaceX SPCX.O has developed a prototype for a handset-like device designed to reshape how humans interact with AI that SPCX has shown investors recently, the Wall Street Journal reports, citing people familiar with the matter

** The device would use a QCOM Snapdragon chipset - report

** The prototype was designed to run on a proprietary operating system and integrate AI technology from xAI - report

** SPCX told some investors the project was at an early stage - report

** The design could change and it is unclear whether such a device will be made - report

** SpaceX and QCOM did not immediately respond to Reuters requests for comment

** Shares of SPCX down 7.1% at $158.79

** As of last close, QCOM up ~8% this year