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Qualcomm Rallies on Amazon AI Deal as Broadcom Showcases 221% Chip Surge

24/7 Wall St. Read original source (opens in a new tab)
The Story

News Summary

  • Qualcomm received a Buy rating driven by automotive strength and an Amazon AI infrastructure deal.
  • Broadcom's AI chip revenue surged 221% to $16.7 billion, serving as a benchmark for custom silicon scaling, while Qualcomm aims to offset declining Apple modem revenue through expanding data center operations.
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