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Wajeeh Khan

How a $4 Billion Acquisition Could Be Just What Qualcomm Stock Needs to Challenge Nvidia

Qualcomm Nvidia QCOM Modular

Qualcomm (QCOM) shares were in focus on June 24 after the company announced a $3.92 billion all-stock agreement to acquire artificial intelligence (AI) software startup Modular.

In early trading, investors cheered the acquisition news that reinforces management’s commitment to transform QCOM into a full-stack AI infrastructure provider.

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