WS #10471
Qualcomm in advanced talks to acquire AI chip startup Modular Inc. for ~$4 billion, signaling consolidation in the AI semiconductor space. Magnificent Seven stocks sell off (AMZN -5%, GOOGL -5%, META -2%) but a large dark pool order of 1.87M AMZN shares ($435.79M) suggests institutional buying.
Qualcomm-Modular AI Chip Acquisition
Qualcomm in advanced talks to acquire AI chip startup Modular Inc. for ~$4 billion, signaling consolidation in the AI semiconductor space.
Magnificent Seven stocks sell off (AMZN -5%, GOOGL -5%, META -2%) but a large dark pool order of 1.87M AMZN shares ($435.79M) suggests institutional buying.