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Qualcomm Diversifies with Meta AI Deal, Firm Trims Stake

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • O'Keeffe Stevens Advisory trimmed its QCOM position after material gains but remains positive on the company's AI diversification strategy, including a deal with Meta for data center CPUs.
  • While Apple represents a long-term structural challenge, Qualcomm's automotive and non-handset growth targets are viewed favorably.
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META price history

669.23 +5.90% over the displayed period

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