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QUALCOMM (QCOM.US) Soars 4%+ on Reported AI Chip Supply Deal with ByteDance
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QUALCOMM Incorporated (QCOM.US) reached an agreement with TikTok's parent, ByteDance, to supply chips for AI data centers, Bloomberg reported, citing people with the knowledge of the matter. QUALCOMM Incorporated soared 4.48% overnight (26th) to close at USD248.82. ByteDance is reportedly planning to procure several million QUALCOMM chips and is envisioned to become one of the first major customers for QUALCOMM's dedicated AI application-specific integrated circuits (ASICs). The company previously said it has been identifying customers for these chips and has been in discussions with multiple companies. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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