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MarketBeat
MarketBeat
Business
Jeffrey Neal Johnson

Qualcomm Goes All-In: The $10B Bet to Crush NVIDIA

The semiconductor market is experiencing a tectonic shift, and legacy hardware designers are scrambling to secure a seat at the artificial intelligence table.

Many investors are closely tracking Qualcomm Incorporated (NASDAQ: QCOM) as the company engineers a massive pivot away from cyclical consumer electronics. For decades, Qualcomm built a global empire on mobile smartphone processors, but an aging upgrade cycle demands a new growth engine.

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