Movement Alert｜Qualcomm Rises 4.26% in Regular Trading, Reportedly in Talks to Acquire AI Chip Startup Tenstorrent at Up to $10 Billion

Market Focus06-16 21:39

On June 16, Qualcomm rose 4.26% in regular trading, trading at $226.87/share, with turnover of $468 million. The rally was driven by reports that Qualcomm is in discussions to acquire AI chip startup Tenstorrent at a valuation between $8 billion and $10 billion.

Tenstorrent was founded by veteran chip architect Jim Keller and develops AI training and inference accelerators based on the RISC-V open architecture. The company possesses full-stack hardware and software capabilities that could address Qualcomm's technology gaps in high-end data center compute chips. If completed at the upper end of the reported range, the deal would rank among the largest AI chip acquisitions in the past three years, underscoring Qualcomm's strategic commitment to accelerating its transformation toward AI compute and data center hardware.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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