Qualcomm's stock rose sharply after announcing a multi-generation data center CPU deal with Meta Platforms, marking Meta as its first data center customer. The chipmaker also raised its fiscal 2029 non-handset revenue target to $40 billion, with data center revenue expected above $15 billion, and revealed plans to acquire AI software startup Modular for $4 billion. Despite the positive news and several price target increases, analysts remain cautious due to the competitive market and the delayed production start of the new CPU until H2 2028. Investors will watch Qualcomm's upcoming Q3 FY2026 results and how the stock holds above $205 amid broader AI sector movements.
Tech stocks fell after a morning rally faded, despite Micron Technology's strong earnings boosting its shares nearly 15% after hours. The Nasdaq closed down 0.43%, while the Dow and Russell 2000 saw modest gains. Oil prices hit their lowest since Feb...
The FTSE 100 climbed above 10,500, boosted by strong tech sector gains following Micron's robust earnings report, which lifted semiconductor stocks globally. Halfords shares surged 16% after reporting better-than-expected profits and highest gross ma...
Blue Owl Capital presents a high-yield opportunity with a nearly 10% dividend despite concerns about its credit business. IBM receives a bullish catalyst as the US government proposes a $1 billion equity stake to support its quantum computing roadmap...
Qualcomm's shares surged over 13% after the company announced it raised its fiscal 2029 revenue target for non-handset businesses from $22 billion to $40 billion. The company also projected more than $15 billion in data-center revenue by 2029, highli...
Qualcomm announced its new Dragonfly C1000 CPU designed for data centers, optimized for agentic AI with high performance and low power use. Meta plans to use this chip when it begins production in 2028. Qualcomm aims to expand aggressively into the g...
