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Qualcomm (QCOM) Stock: Drops as Modular Acquisition Expands AI Ambitions

By Yasmin Werner at 2026-10-13 02:52

Sentiment: Positive

TLDR Qualcomm completes Modular acquisition as QCOM closes 4.21% lower at $162.88. Modular adds software tools that support CPUs, GPUs, NPUs, and custom chips. Mojo, MAX, and Modular Cloud will continue under their existing product brands. Chris Lattner joins Qualcomm to lead its advanced AI software and platforms. The deal expands Qualcomm’s reach across devices, [...] The post Qualcomm (QCOM) Stock: Drops as Modular Acquisition Expands AI Ambitions appeared first on CoinCentral. Continue reading...

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