Gate Contract Stock Section Latest Updates: QCOM and USAR Perpetual Contracts Launched

On May 5, 2026, the Gate Contract Stock Zone officially launched perpetual trading for QCOM (Qualcomm) and USAR (U.S. Rare Earth), bringing two high-quality trading targets with growth potential and scarcity attributes to users. Both contracts are settled in USDT, support 1–20x long and short leverage, and investors can choose leverage multiples based on their own strategies.

The two targets introduced this time belong to two major strategic tracks: QCOM, as a global leader in wireless communication and semiconductor design, is in a critical transition period from smartphone chips to AI data centers; USAR is the only listed company in the U.S. that has achieved full industry chain layout of rare earths, deeply linked to national strategic fields such as U.S. defense, new energy, and AI computing power.

QCOM: Smartphone cycle bottoming out, AI data centers open new growth drivers

Qualcomm released its Q2 FY2026 financial report on April 29, 2026, with revenue of $10.6 billion, up 3% year-over-year, and Non-GAAP EPS of $2.65, both surpassing Wall Street expectations. Automotive revenue grew 38% YoY to $1.32 billion, IoT revenue increased 9% to $1.72 billion, both hitting record highs, demonstrating the company’s continued diversification.

However, revenue from mobile chips declined 13% YoY to $6.02 billion, becoming the biggest drag this quarter. Due to memory chip shortages, global smartphone shipments in Q1 decreased 4.1% YoY, breaking a ten-quarter consecutive growth streak since mid-2023. The company’s guidance for Q3 revenue (between $9.2 billion and $10 billion) also fell short of market expectations of $10.26 billion.

The real turning point lies in AI data centers. Qualcomm CEO Cristiano Amon announced during the earnings call that the company has secured a custom chip (ASIC) partnership with a large-scale cloud client, expected to start shipments within FY2026. Bank of America Securities raised its target price from $145 to $165, believing that the custom AI data center project could become a significant long-term growth engine for Qualcomm. On June 24, Qualcomm will also hold an Investor Day to detail its data center and “Physical AI” strategies.

Driven by better-than-expected performance and AI positive news, Qualcomm’s stock price surged 10.79% during the trading session on May 5, closing at $186.560, with a 52-week range of $121.990–$205.950.

USAR: U.S. Rare Earth “National Team,” building a full-chain leader from mine to magnet

Unlike QCOM, USAR’s investment logic is more based on geopolitical strategy. USA Rare Earth is the only listed company in the U.S. covering the entire rare earth industry chain, including mining, separation, metallization, and magnet manufacturing, serving strategic fields such as U.S. defense, new energy, and AI computing power.

On April 20, 2026, USAR announced the acquisition of Brazilian rare earth miner Serra Verde Group for approximately $2.8 billion. Its Pela Ema mine is the only mine outside Asia currently in commercial production capable of supplying key magnetic rare earth elements such as neodymium, praseodymium, dysprosium, and terbium at scale. The deal is expected to close in Q3 2026, completing a critical link in USAR’s vertical integration—an early-operating, high-grade heavy rare earth mineral source unaffected by geopolitical interference.

Prior to this, the U.S. Department of Commerce pledged $1.6 billion in financing for USAR, including $1.3 billion in federal loans and $277 million in direct equity investments, making the U.S. government an official shareholder with an ownership stake of about 8% to 16%. U.S. Secretary of Commerce Gina Raimondo stated, “USA Rare Earth’s heavy critical mineral project is essential for restoring U.S. independence in key mineral resources.”

On the operational side, USAR’s Phase 1a commercial magnet production line in Stillwater, Oklahoma, has completed debugging and officially entered production, marking the substantive implementation of its “mine to magnet” strategy. The analyst consensus target price is $34.20, implying approximately 29.9% upside from the current price, rated as a “Moderate Buy.”

14+1x flexible leverage, capturing opportunities in both directions

The launch of QCOMUSDT and USARUSDT perpetual contracts further enriches Gate’s stock contract trading asset pool. Currently, the Gate contract section covers traditional financial assets including stocks (45 types), metals (11 types), forex (3 types), commodities (2 types), and indices (8 types), supporting 24/7 continuous trading.

USDT-based perpetual contracts offer three core advantages: 24/7 trading without waiting for U.S. stock market open; two-way trading to capture opportunities whether the market rises or falls; flexible leverage (1–20x), adjustable based on market judgment and risk appetite.

Summary

The launch of QCOM and USAR perpetual contracts in Gate’s stock contract zone provides investors with convenient channels for long and short trading of two major strategic assets. QCOM is at the bottom of the traditional mobile phone cycle, with a significant upside potential driven by AI data center growth, and an expected performance turnaround; USAR, with its full industry chain layout from mine to magnet, combined with strong U.S. government support and the reshaping of the global rare earth supply chain, possesses both strategic scarcity and growth imagination. Both contracts support 1–20x adjustable leverage, allowing investors to flexibly seize opportunities based on their judgment.