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via seekingalpha.comAsset Management

Alphabet keeps large SpaceX stake and starts $548M Qualcomm position

FROM THE WIRE · SEEKINGALPHA.COM

Alphabet (GOOG [https://seekingalpha.com/symbol/GOOG]) has maintained its long-standing investment in SpaceX (SPCX [https://seekingalpha.com/symbol/SPCX]) while adding a new $548 million position in Qualcomm (QCOM [https://seekingalpha.com/symbol/QCOM]), as the two companies…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralPortfolio moves by a large institutional investor can signal its view on AI and semiconductors.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Alphabet added a $548 million position in Qualcomm.
  2. 02Its SpaceX stake is worth about $83.7 billion and has grown nearly 93-fold.
  3. 03The two companies are expanding their AI collaboration to bring Gemini to Snapdragon devices.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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