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Qualcomm shares jump 14% on Modular acquisition, guidance upgrade
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Qualcomm Inc.’s stock jumped 14% in after-hours trading today after it shared a series of updates about its artificial intelligence roadmap. The company announced plans to acquire an inference software startup called Modular Inc. and previewed two upcoming AI chips. Additionally, Qualcomm significantly raised its fiscal 2029 guidance. The chipmaker now expects its non-handset revenue […] The post Qualcomm shares jump 14% on Modular acquisition, guidance upgrade appeared first on SiliconANGLE.
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