Climbs Qualcomm after Landing AI Chip Deal with Social Media Giant Bytedance: Report

Qualcomm (QCOM) shares climbed 6% during Tuesday trading after securing a deal to supply ByteDance (BDNCE), the owner of the social media giant TikTok, with artificial intelligence chips for data centers, Bloomberg reported. Under the deal, ByteDance plans to purchase mill

Qualcomm (QCOM) shares climbed 6% during Tuesday trading after securing a deal to supply ByteDance (BDNCE), the owner of the social media giant TikTok, with artificial intelligence chips for data centers, Bloomberg reported.

Under the deal, ByteDance plans to purchase millions Newsletters for Every Investor Get daily, sector-specific newsletters packed with expert insights, fresh ideas, and new opportunities

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