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Qualcomm Stock Jumps 20% on Secret Hyperscaler Chip Deal
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Qualcomm Stock Jumps 20% on Secret Hyperscaler Chip Deal
Qualcomm stock rocketed as much as 20% intraday this week after the company revealed something Wall Street wasn’t expecting: a custom AI chip agreement with a major, unnamed hyperscaler. The stock traded as high as $180.97 during the session, a stunning move for a company whose headline earnings numbers actually came in soft. Investors clearly cared more about where Qualcomm is going than where it’s been. The deal marks Qualcomm’s formal entry i…
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