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Alphabet Builds $547.9 Million Stake in Qualcomm

Alphabet Builds $547.9 Million Stake in Qualcomm

MT newswireMT newswire2026/11/06 13:04
09:04 AM EST, 11/06/2026 (MT Newswires) -- Alphabet (GOOG) has built a stake worth roughly $547.9 million in Qualcomm (QCOM) as of Q3, according to a regulatory filing submitted Friday. The investment gives a boost to Qualcomm's efforts to expand its data center business as it seeks to capitalize on demand for artificial intelligence infrastructure, Reuters reported. The company reported no Q2 holdings in Qualcomm in a filing submitted in August. The Q3 position amounts to approximately 3 million shares, Reuters reported. Qualcomm's chips power most smartphones using Alphabet's Google Android operating system, the report said. The companies have also collaborated on Google's Googlebook laptop lineup and automotive AI technology, it added. Qualcomm shares were up 2.7% in recent premarket trading.
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