Qualcomm to Expand Into Data Centers With Alphawave Semi Buyout

From Nasdaq: 2025-06-11 10:12:00

Qualcomm (QCOM) to acquire Alphawave Semi for $2.4 billion, expanding presence in AI, data center, and networking. This acquisition follows Qualcomm’s recent purchase of MovianAI, accelerating AI research and development. Intel (INTC) launches Core Ultra processors for enhanced AI computing, while AMD strengthens its position in generative AI with new MI300 series accelerator family.

Qualcomm shares down 26.1% in the past year, trading at a forward P/E ratio of 13.18. Earnings estimates for 2025 and 2026 have seen slight declines. Qualcomm currently holds a Zacks Rank #3 (Hold). Discover the top stock set to double in the coming months, focusing on a satellite-based communications firm with projected revenue growth in 2025.

For more detailed stock analysis:
– Intel Corporation (INTC) : Free Stock Analysis Report
– Qualcomm Incorporated (QCOM) : Free Stock Analysis Report
– Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report

Source: Zacks Investment Research.



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