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QUALCOMM (QCOM) Is Down 16.2% After Modular Deal And AI CPU Push - Has The Bull Case Changed?
Earlier this week, Qualcomm Technologies announced an expanded collaboration with Hugging Face, launched its Dragonfly C1000 data center CPU and High Bandwidth Compute architecture, and confirmed a roughly US$3.90 billion all‑stock acquisition of AI software firm Modular to build a full-stack AI infrastructure platform from devices to the cloud.
Taken together, these moves shift Qualcomm’s centre of gravity beyond smartphones toward AI data centers and developer ecosystems, positioning its...