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via finance.yahoo.comBusiness & Companies

Alphabet reveals $548 million stake in Qualcomm

FROM THE WIRE · FINANCE.YAHOO.COM

This article first appeared on GuruFocus. Alphabet Inc. (GOOGL, Financials) announced a nearly $548 million position in Qualcomm on, underscoring its investments outside of Google's primary lines of business.The filing said the corporation had approximately 3 million shares of…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA large investor's stake in a chipmaker can support Qualcomm shares and AI sentiment.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Alphabet disclosed a position of about $548 million in Qualcomm.
  2. 02Qualcomm shares were up more than 3% in premarket trading.
  3. 03Alphabet also raised its SpaceX stake to over 555 million shares.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
QUALCOMM IncorporatedQCOMStock163.61 USD+4.38%today +4.38%Positive Alphabet Inc.GOOGLStock289.04 USD+2.29%today +2.29%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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