BUZZ-Qualcomm falls after $4 billion Modular deal

QUALCOMM Incorporated

QUALCOMM Incorporated

QCOM

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**Shares of chip firm Qualcomm QCOM.O down 4.4% to $195.3

** Qualcomm to buy AI startup Modular in an all-stock deal valued at $3.92 billion, according to a Reuters calculation

** As part of deal, QCOM to issue up to 19.2 million shares to Modular's equity holders

** Stock up 15.7% YTD, including session's move


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