Qualcomm Stock Surges Then Retreats After Meta Platforms Deal Announcement
Qualcomm (QCOM) stock surged 11% before retreating to a 5% gain after announcing its first data center customer, Meta Platforms. The deal involves supplying CPUs for Meta's server fleet starting in H2 2028 and comes alongside Qualcomm raising its non-handset revenue target.
Topics: AI startup acquisition data center CPUs Dragonfly C1000 Meta Platforms Qualcomm