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.
- Domino's (DPZ) shares sunk to its lowest in almost three years after the company revised its full-year outlook and reported a first quarter comparable sales miss. The company now expects 2026 US same-store sales to grow at a low-single-digit rate, and its US same‑store sales climbed 0.9% in the first quarter, less than the 2.5% increase expected by analysts.