QCOM Stock Jumps Over 4% — Qualcomm Reportedly Eyes Tenstorrent Acquisition To Power AI Chip Ambitions
The potential deal signals Qualcomm’s bid to strengthen its position in AI and data center semiconductors beyond its smartphone core. Tenstorrent, founded by chip veteran Jim Keller, builds AI-focused processors to run workloads more efficiently than traditional GPU-based systems. For Qualcomm, the move would extend its shift beyond mobile chips, following its $2.4 billion purchase … Read more