Alphawave Deal Nears Closing, Snapdragon 8 Gen 5 Momentum, and Wall Street Price Targets

QUALCOMM Incorporated (NASDAQ: QCOM) is back in the spotlight on December 17, 2025, as investors weigh a fresh wave of deal-related updates, smartphone chipset momentum, and a busy set of analyst forecasts heading into 2026.

In late-afternoon trading, QCOM stock was at $172.65, down 1.97% on the session, after moving between $172.48 and $177.48.

Below is a complete round-up of the most relevant Qualcomm stock news, forecasts, and analyst commentary circulating today—plus what investors are watching next.


What’s moving Qualcomm stock on December 17, 2025?

1) Alphawave acquisition: UK court approval puts closing days away

One of the biggest near-term catalysts is Qualcomm’s pending acquisition of Alphawave IP Group. A UK High Court has…

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