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A number of stocks fell in the afternoon session after a report that South Korea's SK Hynix is slowing its high-bandwidth memory (HBM) expansion rattled the AI-chip complex.

Share prices in big AI players such as Nvidia and Micron Technology dropped on Tuesday as investors grow wary about whether massive AI spending will pay off.

The catalyst for the company's massive surge was a multi-year AI roadmap hidden in plain sight as routine quarterly guidance.

The reported acquisition would value Modular at 2.5x its September funding round valuation

(Updates with latest market prices and developments.) US benchmark equity indexes were mostly low

(Updates with index/price moves, macroeconomic data, and analysts' comments from the first paragraph

Investing.com -- Bank of America has raised its price target on Qualcomm (QCOM) from $165 to $195, though the firm is maintaining its "Underperform" rating ahead of the company’s Investor Day on Wednesday, June 24. The revised target is the result of BofA rolling its valuation forward to calendar year (CY) 2028 estimates, applying a 15x price-to-earnings (P/E) multiple. The bank’s underlying financial estimates remain unchanged, which includes projecting roughly $2.5 billion in CY 2028 AI revenu

(Updates with index/price moves and political/company news from the first paragraph.) US equity i

Advanced Micro Devices has transformed into a data center powerhouse, but with the stock trading at the top of its range, investors must weigh a large growth opportunity against an equally large valuation.

It’s a rough day for stocks that have benefited from the AI rally this year. These stocks are among the deepest in the red this morning: Chip makers: Micron Technology is down 12%. Advanced Micro Devices, Marvell Technology and Qualcomm fell between 6% to 9% at the opening bell.

Mobile processor giant Qualcomm (QCOM) was late to the AI party. But that may not be a disadvantage. While Nvidia (NVDA) and AMD (AMD) raced to dominate AI training, Qualcomm has spent decades refining low-power computing.

MaxLinear's infrastructure push accelerates as AI-driven data center demand boosts optical platforms and lifts revenue outlooks into 2027.

Qualcomm is reportedly in advanced talks to acquire Modular as chipmakers race for AI infrastructure talent.

(Bloomberg) -- It’s been a challenging year for Tesla Inc. shareholders, losing almost 10% while watching Elon Musk’s SpaceX complete the biggest initial public offering ever and immediately become the most valuable entity in the newly minted trillionaire’s collection. Most Read from BloombergSpaceX Falls for Third Day, Erases $600 Billion in Market ValueOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some RolesKorean Stocks Tumble 10% as Extreme Volatility Rattles InvestorsStocks Fall as

Chip stocks led losses from South Korea to Europe, while oil prices steadied after the U.S. waived sanctions on Iranian crude

Tech stocks are getting battered as investors fret about higher interest rates and mega-cap hyperscalers’ aggressive AI spending plans.

Investors are looking forward to another week of chip stock reveals. Qualcomm is expected to give more details about its business at its investor conference. Micron, the latest trillion-dollar semiconductor company, reports earnings, as do FedEx, Cerebras and Carnival.

Qualcomm stock has surged in recent months and the prospective acquisition of an AI infrastructure software company could help keep the rally going.

We recently published Jim Cramer Discussed Expensive Phones, A Cheap Stock Sector & These 18 Stocks. QUALCOMM Inc. (NASDAQ:QCOM) is one of the stocks discussed by Jim Cramer. QUALCOMM Inc. (NASDAQ:QCOM) is one of the largest semiconductor design companies in the world. Its shares are up by 49% over the past year and by 30.7% […]

8.39am: Telecom Plunge Telecom Plus shares have plummeted 30.5% on the news that management plan to invest in growth, which will hit profits this year. Analyst Charles Hall at house broker Peel Hunt says it is an "aggressive reset" by management, investing £55 million per year to double...

If you are wondering whether QUALCOMM is still reasonably priced after a strong run, this article walks through what the current share price could be implying about value. The stock last closed at US$221.90, with returns of 0.5% over the past week, down 6.8% over 30 days, and up 28.3% year to date and 48.0% over the last year. The 3 year and 5 year returns sit at 103.1% and 76.9%. Recent price moves in QUALCOMM have come against a backdrop of ongoing attention on semiconductors and wireless...

Asian shares were mixed in subdued trading early Tuesday, as recent enthusiasm cooled and markets faced uncertainty about efforts to end the war in Iran. Japan's benchmark Nikkei 225 lost 0.9% in morning trading to 71,681.29. Australia's S&P/ASX 200 was up less than 0.1% in morning trading at 8,822.10.

With all eyes on the company's AI chip dominance, it's quietly opening a massive new front in a market it has never touched before.

Qualcomm is reportedly closing in on a multi-billion-dollar acquisition of artificial intelligence startup Modular as part of an aggressive strategic shift to challenge Nvidia’s dominance in the AI infrastructure market.

Investing.com -- Qualcomm Incorporated (NASDAQ:QCOM) is closing in on a deal to acquire AI chip company Modular Inc in a transaction that would value the startup at around $4 billion, people familiar with the matter told Bloomberg. The acquisition could be announced in the near future, though a final deal hasn't been reached, the people said.

Qualcomm is in advanced discussions to acquire Modular Inc in a ‌transaction valuing the AI chip company at ‌about $4 billion, Bloomberg News reported on Monday, citing people ​familiar with the matter. A global ⁠supplier of smartphone chips, Qualcomm has been working to reduce its reliance ⁠on the volatile handset market by branching out into fast-growing areas like data center processors and ​autonomous vehicle ​chips. • A deal ‌could be announced in the coming weeks, though talks could still fall through or the details could change, Bloomberg said.

The latest trading day saw Qualcomm (QCOM) settling at $221.49, representing a -2.05% change from its previous close.

Qualcomm is in discussions to acquire AI chip startup Tenstorrent

(Bloomberg) -- Qualcomm Inc. is in advanced talks to acquire Modular Inc. in a transaction valuing the artificial intelligence chip startup at about $4 billion, according to people familiar with the matter.Most Read from BloombergIran Says Hormuz Closed Again as Talks With US Set to OpenUS and Iran Make ‘Progress’ in Talks, Aim to Keep Hormuz OpenStocks Fall as SpaceX’s Rout Offsets US-Iran Hopes: Markets WrapMeta Taps New WhatsApp Boss as Part of $900 Million InvestmentSpaceX Falls for Third Da

The sticker price on Broadcom shares looks high, but a patient investor is effectively paying a much lower multiple once you account for the growth analysts see coming.