🟢 QCOM.BA is trading 2.9% up today following its $3.9B Modular AI acquisition and ambitious growth targets

QCOM.BA is trading 2.9% up at $27,260 as investors react to the company's $3.9 billion all-stock acquisition of AI software firm Modular and its ambitious AI growth targets.

• The deal strengthens Qualcomm’s AI-software stack and data-center capabilities, supporting its broader edge-to-cloud AI strategy.
• The acquisition positions the company more competitively against leading AI chip makers, boosting sentiment alongside a generally firm tech tape.