Nasdaq-100 & Qualcomm

Nasdaq-100: The Nasdaq-100 futures gained due to strong chipmaker earnings, but the index later closed lower due to declines in other tech megacaps.

Qualcomm: Qualcomm raised its revenue forecast and announced a new chip for data centers, contributing to the tech rally.

Nasdaq-100: The Nasdaq-100 posted an eighth straight gain and fresh record highs, indicating strong performance in technology stocks.

Qualcomm: Qualcomm rose after reportedly reaching a deal with ByteDance to supply chips, boosting its stock performance.

Nasdaq-100: Qualcomm's shares were trading down nearly 3% on Nasdaq-100 following the announcement of the acquisition, indicating a short-term market reaction to the deal.

Qualcomm: Qualcomm is acquiring Module to strengthen its AI software foundation, expand its data center strategy, and enhance its position in the generative and agentic AI ecosystem. This acquisition is expected to accelerate the adoption of its edge-to-cloud AI platforms and challenge competitors like NVIDIA.

Nasdaq-100: Micron Technology's forward P/E multiple is significantly lower than the Nasdaq's average estimate, suggesting a potential undervaluation despite its growth.

Qualcomm: Qualcomm's stock soared after it projected substantial sales from its data center business, indicating its expansion beyond smartphone chips into the AI market.

Nasdaq-100: The Nasdaq-100 exchange experienced more declining stocks than advancing ones, with a notable number of new highs and lows.

Qualcomm: Qualcomm shares fell after previous sharp gains, contributing to the decline in chip stocks.

Qualcomm: Qualcomm rose after reportedly reaching a deal with ByteDance to supply chips, boosting its stock performance.