🟢 QCOM.BA is trading 2.26% up today on its $3.9 billion Modular acquisition and raised AI growth targets

QCOM.BA is trading at $27120.00 (+2.26%) after Qualcomm announced a $3.9 billion all-stock acquisition of Modular to strengthen its AI software stack and data-center capabilities.

• The acquisition is a central component of Qualcomm’s AI-expansion strategy, aimed at achieving higher long-term revenue targets through enhanced software and infrastructure offerings.
• The stock is also benefiting from broader technology sector momentum, with the NASDAQ Composite rising 1.74% as risk sentiment improves following easing geopolitical tensions.
• Analysts view the Modular deal as a clear catalyst for the company's pivot toward high-growth AI and data-center markets.