QUALCOMM Stock News

Qualcomm on Monday said it will make custom data center central processing units, or CPUs, that use technology from Nvidia to connect to Nvidia's artificial intelligence chips.

US stocks have been reclaiming some of their lost ground in recent sessions after the Trump administration and President Xi's office agreed to pause reciprocal tariffs on each other's products for 90 days. The world's largest economies will be working on reaching a broader, more permanent agreement during this three-month period.

Qualcomm Inc. NASDAQ: QCOM closed at its highest level in more than a month on Monday night, continuing a solid recovery from its post-earnings dip two weeks ago.

British semiconductor company Alphawave IP Group on Monday said the UK takeover panel had extended the deadline for a takeover offer by U.S. chipmaker Qualcomm to May 27.

The artificial intelligence (AI) boom is still in full swing, and experts agree that most of its shareholder value creation still lies ahead. It's like the internet in the early 2000s, personal computers in the 1980s and 1990s, or gas-powered cars replacing horse-drawn carriages long before that.

Qualcomm (QCOM -0.21%) provided critical insights that investors will not want to miss.

Microsoft on Tuesday said it will release a new laptop and tablet with chips from Qualcomm at lower prices than before, aiming to get new AI features to a broader set of customers.

Shares are still down around 6% from where they were before last week's report, despite the company beating analyst expectations on both headline figures.