🟢 QCOM is trading 9.9% up today on Meta CPU deal and expanded AI strategy

QCOM is trading 9.9% up at $216.86 after unveiling an expanded AI and data-center strategy alongside a multi-year Meta CPU supply deal.

• The Meta agreement adds significant credibility to the company's non-handset growth plan and long-term diversification strategy.
• Sentiment is further bolstered by an expanded partnership with Hugging Face and a broader rally in semiconductor stocks following strong earnings from Micron.