BUZZ-Qualcomm up after report co in talks to buy Tenstorrent

QUALCOMM Incorporated

QUALCOMM Incorporated

QCOM

0.00

** Shares of chip firm Qualcomm QCOM.O up 3.9% at $229.50 premarket

** Co in talks to acquire AI chip startup Tenstorrent for $8 billion to $10 billion, the Information reported on Monday, citing a person with direct knowledge of the deal

** The talks are ongoing and the price could change, or the discussions could fall apart - the Information report

** Acquisition would be part of QCOM's strategy to reduce its dependence on the handset market by expanding into high-growth segments like data centers and auto chips

** Qualcomm and Tenstorrent did not respond to Reuters' requests for comment

** As of last close, QCOM stock up 29.09% YTD


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.