Qualcomm considers acquiring Alphawave, boosting AI and data center capabilities.

From Stocktwits: 2025-04-04 00:20:00

Qualcomm Inc. is reportedly considering acquiring London-based chip designer Alphawave, known for designing semiconductors for data centers and networking. The potential deal aligns with the AI-led boom in data center construction, with Nvidia CEO forecasting a $1 trillion opportunity by 2028. Qualcomm’s bid comes after Arm Holdings Plc. declined, amid ongoing licensing and anti-trust disputes. Qualcomm also acquired the generative AI division of VinAI to enhance its capabilities. Retail sentiment on Stocktwits towards Qualcomm has turned ‘extremely bullish,’ with an average price target of $197.93, implying a 42% upside from current levels.



Read more at Stocktwits: Retail Sentiment Flips To Extremely Bullish