On May 5, 2026, Gate Contract’s Stock Zone officially launched perpetual contracts for QCOM (Qualcomm) and USAR (USA Rare Earth), bringing users two premium trading assets that combine strong growth potential with scarcity value. Both contracts are settled in USDT and support long and short positions with leverage ranging from 1x to 20x, allowing investors to choose their preferred leverage according to their own strategies.
These two newly listed assets represent two major strategic sectors: QCOM, a global leader in wireless communications and semiconductor design, is undergoing a pivotal transition from smartphone chips to AI data centers. USAR, on the other hand, is the only publicly traded company in the US with a fully integrated rare earth supply chain, deeply involved in key national strategic fields such as US defense, new energy, and AI computing power.
QCOM: Smartphone Cycle Bottoms Out, AI Data Centers Open New Growth Frontier
On April 29, 2026, Qualcomm released its Q2 FY2026 earnings report, posting revenue of $10.6 billion, up 3% year-over-year, and non-GAAP EPS of $2.65—both surpassing Wall Street expectations. Automotive revenue jumped 38% to $1.32 billion, and IoT revenue grew 9% to $1.72 billion, both reaching all-time highs and demonstrating the company’s ongoing success in diversification.
However, revenue from smartphone chips fell 13% year-over-year to $6.02 billion, making it the biggest drag on this quarter’s results. Due to a global memory chip shortage, worldwide smartphone shipments dropped 4.1% year-over-year in Q1, breaking a ten-quarter growth streak that began in mid-2023. The company’s revenue guidance for Q3 ($9.2–10 billion) also came in below the market consensus of $10.26 billion.
The real turning point lies in AI data centers. During the earnings call, Qualcomm CEO Cristiano Amon announced that the company had secured a custom ASIC chip partnership with a major hyperscale cloud customer, with shipments expected to begin within FY2026. Bank of America Securities raised its price target from $145 to $165, citing the AI data center custom project as a potential long-term growth engine for Qualcomm. On June 24, Qualcomm will host an Investor Day to provide more details on its data center and "physical AI" strategies.
Driven by better-than-expected earnings and AI momentum, Qualcomm’s share price surged 10.79% during intraday trading on May 5, closing at $186.56, with a 52-week range of $121.99–$205.95.
USAR: America’s Rare Earth "National Champion," Leading the Full Supply Chain from Mine to Magnet
Unlike QCOM, USAR’s investment thesis is rooted in geopolitical strategy. USA Rare Earth is the only US-listed company covering the entire rare earth supply chain—from mining and separation to metallization and magnet manufacturing—serving critical sectors like US defense, new energy, and AI computing.
On April 20, 2026, USAR announced its $2.8 billion acquisition of Brazilian rare earth miner Serra Verde Group. Serra Verde’s Pela Ema mine is the only commercially producing site outside Asia capable of supplying four key magnetic rare earth elements—neodymium, praseodymium, dysprosium, and terbium—at scale. The deal is expected to close in Q3 2026, filling the most crucial gap in USAR’s vertical integration: an early-producing, high-grade heavy rare earth source free from geopolitical risk.
Prior to this, the US Department of Commerce committed a $1.6 billion financing package to USAR, including a $1.3 billion federal loan and $277 million in direct equity investment, making the US government an official shareholder with an 8%–16% stake. US Secretary of Commerce Howard Lutnick stated, "USA Rare Earth’s heavy critical minerals project is indispensable for restoring US independence in critical minerals."
Operationally, USAR’s commercial magnet production line (Phase 1a) in Stillwater, Oklahoma, has completed commissioning and officially entered production, marking the real-world implementation of its "mine-to-magnet" strategy. Analyst consensus sets a price target of $34.20, implying about 29.9% upside from current levels, with a "Moderate Buy" rating.
Flexible Leverage up to 20x: Capture Opportunities Both Long and Short
The launch of QCOMUSDT and USARUSDT perpetual contracts further expands the tradable asset pool in Gate Contract’s Stock Zone. As of now, Gate’s contract platform covers stocks (45 types), metals (11 types), forex (3 types), commodities (2 types), and indices (8 types), supporting 24/7 continuous trading.
USDT-margined perpetual contracts offer investors three core advantages: 24/7 trading with no need to wait for the US stock market to open; bi-directional trading, enabling opportunities in both rising and falling markets; and flexible leverage (1x–20x), allowing dynamic adjustment based on market outlook and risk preference.
Conclusion
With the addition of QCOM and USAR perpetual contracts, Gate Contract’s Stock Zone now provides investors with a convenient, two-way trading channel for two major strategic assets. QCOM is at the bottom of its traditional smartphone business cycle and is poised for significant growth in AI data centers, with clear expectations for a performance turnaround. USAR, with its fully integrated mine-to-magnet supply chain, strong backing from the US government, and the global restructuring of the rare earth supply chain, offers both strategic scarcity and growth potential. Both contracts support adjustable leverage from 1x to 20x, empowering investors to seize opportunities flexibly based on their own market insights.
