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Qualcomm
Alphabet acquired a stake in Qualcomm during the third quarter as the chipmaker pursues $15 billion in data center revenue by 2029. Amazon secured rights to buy up to $60 billion in Qualcomm AI chips.
Part of a series: Qualcomm cuts staff and reports strong earnings
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Qualcomm
Qualcomm shares fell 9 percent after the company issued fiscal first-quarter EPS guidance of $2.15 to $2.35, missing the $2.32 consensus. Revenue guidance of $10.4 billion to $11.2 billion exceeded expectations, but handset sales declined 26 percent due to rising costs.
SpaceX
SpaceX has partnered with Qualcomm to develop the 5G infrastructure for Starlink Mobile. The move positions the service to compete with major US wireless carriers.
Qualcomm
Qualcomm is implementing price increases across its product lines to reflect rising semiconductor input costs, according to a company presentation.
Qualcomm
Qualcomm reported fourth-quarter adjusted revenue of $10.44 billion, exceeding the $10.12 billion estimate. Adjusted earnings per share came in at $2.17, slightly above the $2.16 forecast.
OpenAI
OpenAI is said to have reduced its fundraising goal from $30 billion to $20 billion and lowered its valuation target to $1.25 trillion. Investors including MGX and SoftBank are scaling back commitments ahead of a potential IPO.
Anthropic IPO
Market participants are said to be weighing a valuation between $1.2 trillion and $1.3 trillion for a potential initial public offering by the AI company.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.