Qualcomm Incorporated

Schneider Electric agreed to acquire engineering software developer PTC for $22.6B in an all-cash deal at $205 per share, sending PTC shares up 34%. The transaction implies an enterprise value of $23.7B, or 21x 2027E EV/adjusted EBITA and 13x including full run-rate synergies, represents a 42.3% premium to PTC's last closing price, and is expected to close by Q3 2027. Qualcomm shares rose 3% after the company and Huawei agreed to a multi-year patent licensing deal covering 5G, computing, AI, and networking technologies, including cross-licenses to their respective patent portfolios, with Qualcomm also set to acquire certain Huawei U.S. patents subject to regulatory approvals. Huawei said its intellectual property licensing business has generated positive revenue since 2021, with more than 165,000 active granted patents as of the end of 2025; the companies previously settled a patent dispute in 2020, when Huawei agreed to pay Qualcomm $1.8B in back licensing fees. Redwire shares rose 2% after it was awarded a follow-on contract by Axiom Space to develop and deliver two Roll-Out Solar Array wings for the second module of Axiom Station, building on its work on ROSA wings for the station's first module, which is expected to launch in 2028.

Qualcomm Inc. has agreed to license patents underpinning Huawei Technologies Co.'s LogicFolding chipmaking technique as part of a multiyear cross-license agreement between the two chipmakers. A Huawei spokesperson said Monday that the deal spans technologies related to 5G devices, AI services, near- and co-packaged optics and networks. The agreement helps validate the Shenzhen-based company's chipmaking capabilities, with Huawei viewing its new architecture as a breakthrough that boosts semiconductor performance and narrows the gap with industry leaders such as Taiwan Semiconductor Manufacturing Co. Huawei did not disclose the value of the cross-license agreement, which is subject to US Federal Trade Commission review under the Hart-Scott-Rodino Antitrust Improvements Act, applying to deals valued at more than $133.9 million. The spokesperson said Huawei expects the overall contract value of all its patent licensing agreements to exceed $6.9 billion following the deal with Qualcomm.

Qualcomm Incorporated unveiled new Snapdragon platforms designed to run AI agents directly on consumer devices at its Snapdragon Summit, as the company positions agentic AI as its next growth phase beyond smartphones. CFO Akash Palkhiwala said the two new chips target the high-end smartphone market with best-in-class gaming and productivity performance and set up the platform for agentic AI. The company is expanding across AI-powered devices, automotive systems, data centers, and physical AI applications, and earlier this month announced a multi-generation collaboration with Amazon to develop customised silicon for large-scale AI data centers focused on AI inference. Qualcomm's forward GAAP P/E of 15.59x sits 6.76% below its 5-year average of 16.72x and below the sector's forward GAAP P/E of 29.51. Hedge fund ownership slipped from 78 funds at the end of Q4 2025 to 71 at the end of Q1 2026, and short interest reached 3.53% of the float as of August 31, 2026.

Qualcomm announced in September 2026 that it had renewed its global patent license agreement with Apple, effective April 1, 2027, a move that significantly reduces near-term uncertainty around its QTL royalties. The renewal comes alongside a multi-year custom chip partnership with Amazon's AWS, which Qualcomm is counting on to underpin its data center goals of US$5.0 billion in fiscal 2027 and US$15.0 billion in fiscal 2029. Qualcomm also presented at the Humanoids Summit in Seoul and is expanding into data center and robotics solutions as it pushes to pair stable licensing income with new AI and cloud computing revenue streams. The company's narrative projects $60.0 billion in revenue and $11.5 billion in earnings by 2029, requiring 10.8% yearly revenue growth and about a $2.2 billion earnings increase from $9.3 billion today. The biggest current risk, according to the analysis, is that diversification spending rises faster than new AI and cloud revenues materialize, while rising in-house chips at major OEMs could still pressure Qualcomm.

Qualcomm said it has renewed its global patent license agreement with Apple, effective April 1, 2027. The updated deal covers Apple's continued access to Qualcomm's cellular technologies under a multi-year global patent license framework, and management indicated the renewed agreement is structured to support ongoing collaboration between the two smartphone heavyweights. The renewal reduces uncertainty around QTL licensing revenue tied to one of Qualcomm's largest customers and supports the view that its patent portfolio remains hard to replicate for premium smartphones. Qualcomm's narrative still hinges on reaching US$40b of non-handset QCT revenue by fiscal 2029 while managing pressure from reduced Apple modem exposure and smartphone cyclicality, so the extension helps visibility on QTL cash flows but does not replace the need to execute on automotive, IoT and the AWS-backed data center program. Investors will watch how Qualcomm breaks out QTL segment performance after 2027, including effective royalty rates and license coverage for 5G and future standards, along with any commentary on duration, scope or renewal terms with Apple in quarterly filings or earnings calls.

Qualcomm showcased phone-based AI agents at its Snapdragon Summit, unveiling the Snapdragon 8 Elite Extreme Gen 6 and Gen 6 chips that combine processing, graphics and sensing so agents can respond to context and act across apps. The wireless and edge computing chipmaker also reported more than 20 partners working with Adreno Neural Fusion, its AI rendering technology for mobile games. Shares rose about 0.3% to $188.04 at around 11:23 a.m. ET Tuesday, after closing at $187.48 on Monday. At that price the stock sits 7.34% above the chart's $175.18 GF Value estimate, meaning investors are already paying for some of the promise. The next proof point is widespread use in shipping phones, followed by evidence that it lifts chip revenue.

Taiwan Semiconductor Manufacturing is expanding 2-nanometer production faster than previously expected as major customers increase their commitments to the new technology. The company could reach monthly 2nm output of about 120,000 wafers by the end of 2026, compared with earlier estimates of 90,000 to 100,000, according to Taiwan's EDN. Apple, Nvidia, Advanced Micro Devices, Qualcomm and MediaTek are reportedly lifting 2nm orders by 10% to 20%, giving TSMC additional visibility as customers prepare next-generation processors and AI accelerators. In the second quarter, 2nm represented 3% of TSMC's wafer revenue, while technologies at 7nm and below accounted for 77%, and high-performance computing made up 66% of revenue, up from 60% a year earlier. TSMC has projected 2026 2nm capacity growth as it ramps multiple facilities in Taiwan.

A wave of deal activity spanned multiple sectors this week, led by Qualcomm's acquisition of robotics software firm PickNik to boost its presence in physical AI and robotics. Smurfit Westrock agreed to acquire Empresas CMPC's Chilean containerboard and corrugated business for $420M, including a paper machine in Santiago that produces roughly 250K tons per year. Madison Dearborn Partners agreed to acquire holding firm The Marygold Companies in an all-cash transaction valuing it at $2.00 per share, a 100% premium over its September 24, 2026 closing price. Brookfield is in exclusive talks to buy fraud detection business Actimize from Nice for $2 billion, while Goldman Sachs emerged as the lead bidder for Palmer Square Capital Management, a credit manager overseeing more than $37 billion. Elsewhere, Capri Holdings soared 10% on a report it has connected with potential acquirers, Evonik rose 7.2% in German trading after a report that BASF approached it about a takeover, RPM International agreed to acquire Italy-based Volteco S.p.A. for its Tremco Construction Products Group, and Superstar Platforms agreed to acquire fintech company TitlePal in an all-stock transaction.

Qualcomm announced the renewal of its global patent license agreement with Apple, sending the wireless chipmaker's shares up 5.7% in the afternoon session. According to a press release published by Qualcomm, the renewed agreement officially takes effect on April 1, 2027, and allows the iPhone maker to continue using the chipmaker's patented wireless technologies in exchange for ongoing royalty payments. Because Apple represents a massive portion of the global smartphone market, the long-term extension removes a significant source of uncertainty and provides clear visibility into Qualcomm's high-margin future licensing revenue. Qualcomm is up 18.7% since the beginning of the year, but at $205.33 per share it still trades 18.2% below its 52-week high of $251.02 from May 2026. The stock has made 28 moves greater than 5% over the last year, and four days ago it gained 7.4% on news that positive bilateral talks between the U.S. and China eased trade tensions.

Qualcomm said on September 24 that it has renewed its global patent license agreement with Apple, with the new deal taking effect on April 1, 2027, when the existing one runs out. The chipmaker did not disclose the financial terms and did not say how long the new agreement runs, leaving investors to know the relationship continues without knowing on what basis. The licensing arm is where Qualcomm actually makes its money, collecting royalties on handsets it did not build, and the two companies spent 2017 and 2018 in a sprawling legal fight over exactly these royalties before settling on a six-year agreement that began in April 2019, which Apple later extended by two years to March 2027. Apple has started shipping its own modems, though teardowns this month still found Qualcomm silicon in the United States iPhone 18 Pro Max and across the iPhone 17 line, so chip revenue from Apple is going away more slowly than the headlines suggest, and the royalty stream is the part that survives that shift. Qualcomm shares fell 1.51% on the day of the announcement, then recovered 3.97% the following session, and the number to watch is licensing revenue once the new agreement begins, because that is where the terms will finally become visible.

Meta Platforms unveiled Meta VR Glasses, a roughly 100-gram virtual-reality device that will go on sale in spring 2027 for $1,299.99. The headset features a 5K Infinite Display with micro-OLED panels, Dolby Vision and Dolby Atmos, runs on Qualcomm's Snapdragon Reality Elite processor, and integrates Meta AI with eye, voice and hand-gesture controls; a two-part design houses compute, battery and storage in a separate tethered puck. Meta VR Glasses are the first IMAX Enhanced-certified VR device, offering 3D movies and more than 100 immersive live U.S. sports events annually, plus multi-screen workspaces and more than 75 games at launch. The launch comes as Meta's Reality Labs revenues rose 16% year over year to $431 million in the second quarter of 2026, growth that was partially offset by lower Quest headset sales, and as Apple expands Apple Vision Pro into accessibility applications such as eye-based control for power wheelchair drive systems and Alphabet pushes Android XR smart glasses built with Samsung, Gentle Monster and Warby Parker. Meta shares have rallied 17.8% year to date, trailing the broader Zacks Computer & Technology sector's 21.7% return, and carry a forward 12-month Price/Sales of 6.77X versus the Internet Software industry's 4.42X.

Qualcomm introduced its Snapdragon 8 Elite Gen 6 and Elite Extreme Gen 6 processors, bringing advanced on-device AI features to premium smartphones while extending the company's reach into automotive systems, edge devices, and data center workloads using agentic AI. Management linked the launch to Qualcomm's automotive digital chassis platform as it pushes AI processing closer to the device. The company, a US semiconductor group with a market value of about $210.7b, is targeting a US$40b non-handset QCT business, with non-handset AI compute expected to carry more of the load by 2029. Qualcomm said the clearest sign the shift is gaining traction will be how it breaks out QCT revenue from automotive, IoT, and data center in upcoming results and whether those segments move closer to longer-term targets flagged out to fiscal 2029.

Dell Technologies launched its first XPS Googlebook, pushing the premium brand into Google's Gemini-powered laptop ecosystem. The 13-inch machine starts at $999 and is powered by Qualcomm's Snapdragon X Elite processor with up to 32 gigabytes of memory and on-device AI capabilities. Gemini sits at the center of the experience, while Android integration lets users move files, notifications and app activity between their phones and laptops with less friction. Shares fell about 2.3% to $536.98 at 10.33am ET on Thursday morning, a level that trades 132.06% above the stock's GF Value of $231.40. Dell disclosed no shipment targets, margin guidance or market-share ambitions, leaving strong sell-through to prove that Gemini and Android continuity can justify premium XPS pricing.

Qualcomm Incorporated has introduced the Snapdragon Sound Elite Gen 2 Platform, a new solution for intelligent audio wearables that combines high-quality audio, on-device artificial intelligence and advanced connectivity. The platform is designed for earbuds, headphones, open-ear devices, audio glasses and camera-enabled wearables, and delivers up to twice the AI capability of its predecessor while cutting power consumption by up to 40% and footprint by up to 30%. It includes Qualcomm aptX Lossless, XPAN, fifth-generation Active Noise Cancellation, cVc technology and the Snapdragon Audio Sense Solution, plus integrated micro-power Wi-Fi 6E for direct-to-cloud connectivity. The multimodal capabilities can power real-time translation, contextual assistance and personalized hearing, while camera-enabled devices can gather context about the surrounding environment. Qualcomm faces competition from Apple Inc. and Alphabet Inc., which have expanded their own wearable and AI audio lineups. Qualcomm shares have gained 16.2% over the past year compared with the industry's growth of 40.4%, and the stock carries a Zacks Rank #5 (Strong Sell).

Mark Zuckerberg, CEO of Meta, unveiled two new devices at the company's annual Meta Connect 2026 event on Wednesday: Meta VR Glasses, a new VR headset that is smaller and lighter than the Quest family of headsets, and Muse Charm, a portable device for talking to and commanding AI instantly without opening a phone. Meta VR Glasses are scheduled to go on sale in the spring of 2027 at a price of $1,299, making it Meta's first VR device since the launch of the $299 Quest 3S in 2024. Meta has not yet disclosed the price of Muse Charm. The glasses work with an external processing module equipped with a Qualcomm chip and battery, reducing the hardware burden on the glasses themselves. They support high-resolution display along with eye- and hand-tracking sensors, allowing control and interaction without a controller. Muse Charm is a small device that lets users talk to and command Muse AI, a personal AI agent that was recently launched, without unlocking a phone or opening an application. Meta is still working out the internal component layout of Muse Charm and aims to ship the product in time for the December holiday season.

Qualcomm has launched two new flagship mobile platforms, the Snapdragon 8 Elite Extreme Gen 6 and the Snapdragon 8 Elite Gen 6, built on advanced 2nm technology and designed to support AI-driven experiences. The Snapdragon 8 Elite Extreme Gen 6 is Qualcomm's most powerful mobile platform, introducing Adreno Neural Fusion for AI-enhanced graphics and gaming, AI-powered camera capabilities including Advanced Professional Video support, and Intelligent Pixel Control for improved scene understanding and image quality. Leading smartphone brands including HONOR, Motorola, OnePlus, OPPO, vivo and Xiaomi are expected to launch devices powered by the new Snapdragon platforms. The launch comes as Qualcomm's QCT handset revenues fell 20% year over year to $5.09 billion in the fiscal third quarter, as major OEMs reduced purchases amid memory pricing, supply constraints and handset market cyclicality. Qualcomm faces competition from STMicroelectronics, which recently introduced the ST54M single-die secure mobile chip, and from Intel, which is building a broader AI infrastructure platform spanning CPUs, ASICs, graphics, networking and advanced packaging.

Corning, Qualcomm and Lumentum plan to showcase a high-density die to die optical connectivity solution at ECOC 2026. The joint demo targets AI scale up architectures that require higher bandwidth, lower latency and tighter power budgets for chip interconnects, and the ECOC 2026 presentation will highlight massively parallel optical D2D links paired with high density fiber to support advanced AI data centers. The project taps Corning's existing role supplying fiber and optical technology to large infrastructure buyers rather than representing a completely new line of work, positioning its multimode fiber alongside Qualcomm's interface IP and Lumentum's VCSEL engines. The unresolved piece is commercial proof: the clearest early sign that this direction is working will be whether Corning starts pointing to concrete D2D or co packaged optics wins in its AI focused optical order book or in follow on agreements tied to the 2027 to 2032 style long term fiber deals already in place.

Alphabet's Google has opened pre-orders for Googlebook, a new premium laptop category for Android users built around its Gemini AI tools. Starting at $899, the first models come from Acer, Asus, Dell, HP and Lenovo, running on Intel or Qualcomm chips with up to 14 hours of battery life. The launch marks Google's first flagship ChromeOS attempt since the Pixelbook in 2017 and Pixelbook Go in 2019, pushing the Chromebook formula from low-end student hardware into premium territory with tighter Android integration and Gemini features that draft and organize text, answer questions about on-screen content, and resume tasks handed off from an Android phone. The move comes as Apple pushes down-market in pricing with its $699 MacBook Neo. Alphabet shares were up 1.48% intraday.

Dell has selected Qualcomm's Snapdragon X Elite chip for a flagship Googlebook, giving the wireless and computing-chip designer an early foothold in Google's new premium-laptop push. The $1,199 XPS Googlebook pairs the Snapdragon X Elite with a claimed battery life of up to 18 hours, a high-profile showcase for Qualcomm's Windows-rivaling PC ambitions. Google's broader rollout stretches across Acer, Asus, Dell, HP and Lenovo, though the company has not disclosed how many of those machines will run Qualcomm silicon versus Intel processors, leaving unresolved whether Snapdragon can move from a showcase design into meaningful share across the wider Googlebook ecosystem. Qualcomm shares slipped approximately 0.3% to $193.59, a price that sits 10.32% above the $175.48 GF Value estimate, suggesting the market already prices in a healthy dose of future growth. One premium Dell win proves Snapdragon can compete for marquee designs, but the bigger catalyst would be repeat adoption across multiple manufacturers, stronger software compatibility and enough PC volume to make Qualcomm materially less dependent on smartphones.

Qualcomm shares jumped just over 9% on Monday, closing at $194.23, up $16.51, as the semiconductor company rode a broad advance in tech and chip stocks and announced a joint demonstration of optical interconnect technology aimed at artificial intelligence infrastructure. The stock recorded its highest close since late June. The gain came alongside the company's disclosure, with its partners, of the optical interconnect demonstration targeting AI infrastructure. Qualcomm's 52-week high stands at $259.92, roughly 34% above Monday's close, while its 52-week low is $121.99. Volume was approximately 18.24 million shares, about 1.32 times the one-month average.

Qualcomm shares jumped approximately 7% to $190.085 after the chip designer disclosed an AI-infrastructure partnership with Amazon that could see the e-commerce and cloud giant purchase as much as $60 billion of Qualcomm products. Under the arrangement, Amazon would receive purchase-linked warrants valued at roughly $4 billion, equivalent to about 6.7% of the potential $60 billion purchasing ceiling. The two companies are also building custom inference silicon and optical connectivity capable of reaching 1.6 terabits per second. The deal gives Qualcomm a credible path to becoming a larger supplier inside hyperscale AI infrastructure rather than remaining overwhelmingly tied to mobile chips. At $190.085, Qualcomm trades 8.3% above its $175.52 GF Value estimate, suggesting the market is already pricing in part of the Amazon opportunity.

Qualcomm is counting on automotive and data center growth to replace its shrinking Apple business, with the first hard test arriving in the December quarter when management expects its two custom data center wins to start producing revenue. Automotive sales rose 61% year over year in fiscal Q3 2026, and management raised its fiscal 2026 annual run-rate expectation from above $6 billion in April to about $7 billion by July, helped by BMW choosing Qualcomm as lead compute silicon provider for its next-generation ADAS and digital cockpit. Apple is leaving faster than planned, with Qualcomm now expecting its share of Apple's new iPhone launch to fall materially below the 20% it had assumed and forecasting Apple product revenue to drop about 50% from the September quarter to the December quarter. Management expects non-handset revenue growth over the prior year to jump from 24% in fiscal 2026 to more than 60% in fiscal 2027, growth it says will replace all of Apple's fiscal 2026 product revenue, and it sizes data center revenue at $5 billion in fiscal 2027 and $15 billion in fiscal 2029 inside a non-handset target of $40 billion by fiscal 2029. The doubt is execution, and the CEO concedes the data center business is just starting and that investors want proof a new entrant can deliver.

Qualcomm has joined Advantech and other partners in the new WEDA edge AI ecosystem, an alliance aimed at supporting scalable deployments across varied hardware by standardising tools and reference designs for industrial and enterprise use cases. Qualcomm is also participating in up to 29 cross-sector agreements between US and Vietnamese firms announced during a recent state visit. The company develops and licenses wireless technologies that underpin mobile devices and connected equipment, and the moves tie its core wireless IP to new industrial and enterprise computing uses. Whether the WEDA ecosystem projects and Vietnam partnerships turn into disclosed design wins or revenue targets in segments like industrial IoT and AI edge devices over the next few reporting periods, rather than staying at the memorandum of understanding stage, remains to be seen.

Brad Gerstner, founder and CEO of Altimeter Capital, said on CNBC that he supports AI safety measures but believes recent fears are being exaggerated to advance a political agenda, adding that he wants an investigation into who is behind the negativity and where the money is coming from. Altimeter's second-quarter 13F filings show the fund opened new positions in several technology and AI-related companies, including Qualcomm and Micron Technology. Altimeter bought 1.88 million Qualcomm shares valued at about $347.9 million as of June 30, a position accounting for 3.54% of the fund's reported US equity portfolio. It also acquired 209,520 Micron shares worth roughly $241.8 million, representing 2.46% of the portfolio. Bulls argue the market still views Qualcomm as a smartphone-chip company and is overlooking its potential as an AI data-center supplier, pointing to its High Bandwidth Compute architecture, which Qualcomm says delivers 6 times more bandwidth per watt than high-bandwidth memory and which Microsoft and Meta have agreed to use. The main risk is that HBC remains unproven, with the first chips set to arrive with Qualcomm's upcoming AI250 accelerator and no testing yet at scale in real data centers.

A series of agreements between US and Vietnamese companies in sectors including energy, technology, aviation and finance are expected to be announced next week to coincide with the New York visit of Vietnam's top leader, Communist Party General Secretary and State President To Lam. The plans were revealed by officials and documents obtained by Reuters. An internal planning document lists 29 agreements that could be announced at a business conference in New York on the 23rd, which Lam will also attend. The contents of the document are subject to change, and it does not set out the specific details of the planned agreements. US energy companies Murphy Oil and Chevron are expected to announce agreements with Vietnamese state oil and gas company PetroVietnam, while ExxonMobil is expected to announce an agreement with PetroVietnam Refinery and Petrochemical, Vietnam's second-largest refinery. Vietjet, Vietnam's largest private airline, is expected to announce it will lease up to 22 aircraft from four leasing companies, comprising 17 Boeing 737s and five Airbus A321neos. SpaceX is also set to announce an agreement to provide its Starlink satellite internet service to 120 Vietjet aircraft. The planning document also includes an agreement between US-based Meta and Vietnam's Ministry of Culture, and one between US semiconductor giant Qualcomm and Vietnamese telecom company VNPT. Visa, Mastercard and Citibank are also expected to announce agreements with partners in Vietnam's domestic financial and hospitality services sectors.

Qualcomm shares rose about 3.1% to $185.82 Tuesday morning even as MediaTek unveiled a new flagship chip aimed at its premium Snapdragon franchise. Reuters reported that MediaTek's Dimensity 9600 Pro uses 2-nanometer manufacturing and claims a 51% improvement in initial generative-AI prompt processing. Qualcomm's fiscal third-quarter revenue totaled $9.9 billion, with handset-chip sales contributing $5.1 billion, or roughly 51.5% of the total, while automotive revenue surged 61% to a record $1.6 billion and combined automotive and internet-of-things revenue rose 28%. The stock trades at $185.815 against a GF Value of $175.82, about 5.68% above GuruFocus' estimate of fair value. The next test is whether Qualcomm can defend Snapdragon economics while its newer automotive, AI software and data-center businesses keep scaling.

Taiwan Semiconductor Manufacturing Company, or TSMC, reported consolidated net revenues for August 2026 of approximately NT$514.81 billion, up 10.1% from July 2026 and 53.3% from August 2025. Cumulative revenues for January through August 2026 reached NT$3,386.87 billion, a 39.3% increase over the same period in 2025, as the company continued to benefit from strong demand for its leading-edge process technologies. High-performance computing remained TSMC's largest platform, at 66% of second-quarter 2026 revenues with 20% sequential growth, while Internet of Things, Digital Consumer Electronics and Automotive revenues rose 4%, 5% and 15%, respectively, from the prior quarter. Advanced nodes of 7-nanometer and below accounted for 77% of second-quarter wafer revenues, with 2-nanometer contributing 3% and 3-nanometer, 5-nanometer and 7-nanometer accounting for 30%, 33% and 11%. Management pointed to robust AI-related demand from cloud service providers and emerging Agentic AI CPU demand, with work underway across x86, ARM-based and RISC-V architectures. Separately, GlobalFoundries signed a long-term manufacturing agreement with Monolithic Power Systems for its Singapore 300mm facility and finalized a $375 million R&D award with the U.S. Department of Commerce's CHIPS Research and Development Office, while Qualcomm entered a multi-generation collaboration with Amazon on customized AI data-center silicon and optical connectivity up to 1.6T.

Cirrascale Cloud Services announced the production release of the Cirrascale Inference Platform, a complete software stack for enterprise-grade AI inference, at the AI Infra Summit in Santa Clara. The platform lets enterprises run open-source models, their own private models, and closed model ecosystems from a single serverless platform, including Google Gemini delivered on premises through Google Distributed Cloud and operated by Cirrascale. Its model and hardware selection layer automatically routes each request to the right model and runs it on the best available accelerator across NVIDIA, AMD, Tenstorrent, and Qualcomm with no code changes required to switch, and teams can fine-tune models on their own private data without that data leaving their environment. The platform includes a turnkey private chat experience connected to a company knowledge base, built-in controls to manage AI spend across teams, and governance guardrails for agentic workloads, aligned with HIPAA, SOC 2, and FedRAMP requirements where required. The Cirrascale Inference Platform is available now across Cirrascale's U.S. and international regions.

Qualcomm's September 8 SEC filing ties Amazon warrants to commercial arrangements, binding orders and actual purchases that can reach a maximum of $60 billion, a ceiling rather than a guaranteed order. Qualcomm issued Amazon a warrant for up to 25 million shares at $161.26, with 3.75 million shares vested at issuance from initial commitments, and the companies will work on server chips, systems and optical connectivity. For Qualcomm, the attraction is customer validation for a data-center push that management wants to scale toward $15 billion of annual revenue by fiscal 2029, though much of the equity vests only if future purchasing milestones are met. The timing matters because Apple is moving modem work in-house, reducing a long-standing source of Qualcomm revenue. Insider Monkey counted 95 hedge funds holding Qualcomm in Q2 2026, up from 71 in Q1, while Amazon ownership climbed to 369 funds from 353 and Apple slipped to 169 funds from 170. At the August 31 settlement, about 33 million Qualcomm shares were sold short, 3.21% of float, with 3.31 days to cover.

Qualcomm is collaborating with Cornelis Networks on new AI data center networking and programmable compute infrastructure. Cornelis Networks has introduced its Active Compute Fabric, an open architecture focused on scale-up and scale-out AI networking with embedded compute. The partnership extends Qualcomm Technologies' recent AI infrastructure work beyond its collaboration with Amazon into broader data center networking projects, though this Active Compute Fabric collaboration with Cornelis captures only one piece of what is shaping Qualcomm's wider AI infrastructure story. Qualcomm develops and licenses wireless technologies worldwide, and the move into AI-focused networking builds on its semiconductor expertise for large data center customers, giving the business another entry point into AI infrastructure alongside handset and other connectivity products. The tie-up reinforces the part of Qualcomm's narrative that leans on data center entry, accelerated by the Alphawave acquisition, to reach new AI inference and edge workloads, while also surfacing the open question of whether early-stage AI and data center pushes can justify heavier research and development spending without squeezing earnings amid competition from players like Nvidia and AMD.

Verizon announced the expansion of its 6G Innovation Forum with nine new members and reported successful pre-standard field trials of Integrated Sensing and Communication and an AI Sports Companion prototype. Amazon Web Services, Cisco, Intel, Keysight Technologies, MediaTek, NVIDIA, Palo Alto Networks, Rohde & Schwarz and VIAVI Solutions have officially joined the forum, which was launched last year and already includes founding members Ericsson, Samsung, Nokia, Meta and Qualcomm Technologies. In one trial staged at a major international soccer celebration in Dallas, Texas, Verizon and Samsung used a single 5G base station and 40MHz of CBRS spectrum to track radio variations from six Samsung Galaxy smartphones, with Samsung's AI RAN and edge AI platform Network in a Server generating real-time crowd-density heatmaps on commercial phones and a tablet. In a second trial at Qualcomm's San Diego campus, the companies used 100 to 400MHz of millimeter-wave spectrum and four synchronized Transmission and Reception Points to track an airborne drone and moving ground vehicles while maintaining uninterrupted 5G Standalone communications to a phone user on the ground. Verizon also showcased a prototype AI Sports Companion application running on the Verizon Edge Network with Meta AI glasses, a locally optimized Small Language Model, an NVIDIA DGX Spark and statistics from SportsDataIO, letting users ask verbally for real-time player statistics, live score interpretations and game-winning probabilities. Verizon said forum members will continue sharing learnings from future demonstrations involving ISAC, digital twins, robotics, AI and advanced wearables, and it views the 2028 Summer Olympics in Los Angeles as the ultimate interim proving ground on the road to commercial 6G deployment, supported by its dedicated 6G Lab already established in the host city.