Is QUALCOMM Incorporated (QCOM) Set to Acquire a Startup?

Fatima Gulzar

Sun, June 28, 2026 astatine 1:46 PM CDT 1 min read

QUALCOMM Incorporated (NASDAQ:QCOM) is 1 of the 10 Best Semiconductor Stocks to Buy According to Billionaires.

Reuters reported connected June 24 that QUALCOMM Incorporated (NASDAQ:QCOM) is acceptable to get AI startup Modular successful an all-stock woody worthy astir $4 billion. Through the acquisition, Qualcomm volition summation bundle that enables AI models to tally crossed antithetic chips without requiring developers to constitute abstracted codification for each processor.

The acquisition besides puts Qualcomm successful contention with CUDA, the bundle level that has been cardinal to Nvidia's dominance successful AI by helping physique a ample developer ecosystem astir its chips.

As portion of the deal, Qualcomm expects to contented up to 19.2 cardinal shares of its communal banal to Modular's equity holders.

Founded successful 2022, Modular has raised $380 million, including $250 cardinal successful a September backing round. Reuters besides cited The Information reporting that Qualcomm is besides discussing a imaginable $8 cardinal to $10 cardinal acquisition of artificial quality spot startup Tenstorrent.

QUALCOMM Incorporated (NASDAQ:QCOM) is simply a steadfast that develops and markets halfway technologies and products for mobile devices and different wireless products. It functions successful Qualcomm CDMA Technologies, Qualcomm Technology Licensing, and Qualcomm Strategic Initiatives divisions.

While we admit the imaginable of QCOM arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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