Elon Musk & Qualcomm

Elon Musk: Elon Musk denied reports of SpaceX developing an AI device using Qualcomm's Snapdragon chip, reversing initial optimism about a partnership.

Qualcomm: Qualcomm's shares experienced significant volatility and declines due to various market factors, including competitor product launches, broader semiconductor sell-offs, and macroeconomic concerns. The company is attempting to diversify its revenue streams beyond smartphones into the AI data center market.