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Asian shares were mixed in subdued trading early Tuesday, as recent enthusiasm cooled and markets faced uncertainty about efforts to end the war in Iran. Japan's benchmark Nikkei 225 lost 0.9% in morning trading to 71,681.29. Australia's S&P/ASX 200 was up less than 0.1% in morning trading at 8,822.10.
Qualcomm is reportedly closing in on a multi-billion-dollar acquisition of artificial intelligence startup Modular as part of an aggressive strategic shift to challenge Nvidia’s dominance in the AI infrastructure market.
Investing.com -- Qualcomm Incorporated (NASDAQ:QCOM) is closing in on a deal to acquire AI chip company Modular Inc in a transaction that would value the startup at around $4 billion, people familiar with the matter told Bloomberg. The acquisition could be announced in the near future, though a final deal hasn't been reached, the people said.
Qualcomm is in advanced discussions to acquire Modular Inc in a transaction valuing the AI chip company at about $4 billion, Bloomberg News reported on Monday, citing people familiar with the matter. A global supplier of smartphone chips, Qualcomm has been working to reduce its reliance on the volatile handset market by branching out into fast-growing areas like data center processors and autonomous vehicle chips. • A deal could be announced in the coming weeks, though talks could still fall through or the details could change, Bloomberg said.
The latest trading day saw Qualcomm (QCOM) settling at $221.49, representing a -2.05% change from its previous close.
Qualcomm is in discussions to acquire AI chip startup Tenstorrent
(Bloomberg) -- Qualcomm Inc. is in advanced talks to acquire Modular Inc. in a transaction valuing the artificial intelligence chip startup at about $4 billion, according to people familiar with the matter.Most Read from BloombergIran Says Hormuz Closed Again as Talks With US Set to OpenUS and Iran Make ‘Progress’ in Talks, Aim to Keep Hormuz OpenStocks Fall as SpaceX’s Rout Offsets US-Iran Hopes: Markets WrapMeta Taps New WhatsApp Boss as Part of $900 Million InvestmentSpaceX Falls for Third Da
CNBC’s Emily Wilkins reported last week that House lawmakers have introduced legislation that would prohibit members of Congress, their spouses, and dependent children from placing wagers in prediction markets on political, policy, or election outcomes. “House lawmakers are just dropping a brand new bill that would ban lawmakers from making any bets in prediction markets ... A New Bill Would Ban Lawmakers From Betting on Politics and Elections in Prediction Markets
Intel (NASDAQ: INTC) and Qualcomm (NASDAQ: QCOM) both just delivered earnings that tell very different stories about how to win in AI silicon. Intel posted a sixth straight revenue beat while absorbing a $4.07 billion Mobileye charge. Qualcomm landed its fourth consecutive EPS beat with handset weakness offset by record auto. Foundry Momentum Carries Intel. ... Intel vs Qualcomm: Which AI Stock Is The Better Buy
QCOM's QCT revenue fell 4% as handset weakness persisted, but booming automotive and IoT sales are helping offset smartphone market pressures.
Memory giant Micron (MU) will report its third quarter earnings after the bell on Wednesday, providing another update on the broader AI build-out.
Memory giant Micron (MU) will report its third quarter earnings after the bell on Wednesday, providing another update on the broader AI build-out.
US futures were pointing higher at the start of the week as investors return from the Juneteenth holiday weekend, with technology stocks expected to lead gains despite lingering uncertainty over the Middle East and the prospect of further Federal Reserve tightening. Dow Jones futures were up...
Investors are looking forward to another week of chip stock reveals. Qualcomm is expected to give more details about its contract with a major data-center customer at its investor conference. Micron, the latest trillion-dollar semiconductor company, reports earnings.
QUALCOMM (QCOM) is back in focus after a recent stretch of strong share price performance, with the stock up over the past week, month and past 3 months. This has prompted fresh attention from momentum driven investors. See our latest analysis for QUALCOMM. Looking beyond this week, QUALCOMM’s recent strength includes an 11.65% 30 day share price return and a 74.06% 90 day share price return, while the 1 year total shareholder return sits at 52.57%. This indicates that momentum has been...
Semiconductors are the picks and shovels of modern technology. The way we live and work is also changing with AI, which is creating secular demand for more powerful chips. As a result, the industry has seen solid stock price performance over the last six months as its gain of 125% has outpaced the S&P 500’s 8.9% return.
Qualcomm (QCOM) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Qualcomm (QCOM) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
QUALCOMM Inc. (NASDAQ:QCOM) is one of the 10 best electric and autonomous driving stocks to buy according to hedge funds. The optimism surrounding the stocks is backed by the company’s ongoing engagement with QCraft. On June 5, Qualcomm Inc. (NASDAQ:QCOM) and QCraft showcased their urban Navigate-on-Autopilot solution in SA8650P-equipped production vehicles during the 2026 Qualcomm […]
Over the past six months, Qualcomm has been a great trade, beating the S&P 500 by 20.4%. Its stock price has climbed to $226.50, representing a healthy 29.2% increase. This run-up might have investors contemplating their next move.
After a monumental run, the memory chip maker is posting record profits and spending billions on expansion, forcing you to decide if this AI-driven boom has truly broken the industry's old boom-and-bust habits.
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