Qualcomm (QCOM.BA) is trading 1.1% up today at $26800.00. The stock's positive movement follows significant company-specific news: - Qualcomm announced a $3.9 billion acquisition of Modular to bolster its AI software stack and expand in cloud and edge AI workloads. - The company also substantially raised its fiscal 2029 non-handset revenue target to $40 billion, with data center business projected to exceed $15 billion by 2029. - These developments, revealed around Qualcomm’s 2026 Investor Day, have led to multiple analyst price target increases and upgrades.