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IST:ODINE 25 June 2026

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  • Qualcomm Surges $16 Billion on AI Data-Center Growth Prospects
    June 25, 2026, 1:23 PM EDT. Qualcomm shares rose 7.6% to $212.34 after climbing as high as $224, adding about $16 billion in market value. This surge nearly matches its fiscal 2029 target of over $15 billion in data-center revenue. The stock's rally, driven by optimism around AI-focused chips, outpaced semiconductor and Nasdaq indices but retreated from peak gains. Qualcomm raised its 2029 non-handset revenue goal to $40 billion, citing strong demand in data center, automotive, and IoT segments. Key partnerships with Microsoft and Meta for AI chips underpin the growth outlook. Qualcomm's CFO projects $5 billion in data-center revenue by fiscal 2027, supported by new custom-chip clients. Despite gains, investors remain cautious as the data-center business has yet to realize these forecasted revenues.

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Qualcomm gains $16 billion as AI data-center bet faces watchful market

Qualcomm gains $16 billion as AI data-center bet faces watchful market

25 June 2026
QUALCOMM (QCOM) surged 7.6% to $212.34, adding $16 billion in market value after raising its fiscal 2029 non-handset revenue target to $40 billion, including over $15 billion from data centers, with Microsoft and Meta named as customers; the stock later gave back much of its early gains.
Nexera Technologies (NASDAQ:NEXR) jumps after Logia deal offsets resale overhang

Nexera Technologies (NASDAQ:NEXR) jumps after Logia deal offsets resale overhang

25 June 2026
Nexera Technologies (NASDAQ:NEXR) soared 54% to $0.8663 on record-shattering volume—54 times its average—after announcing majority-owned Fort Technology signed a non-binding LOI for a data-center backup-power deal, though milestone terms could slash Fort’s Logia USA stake from 50.1% to 15% if targets are met; the deal is not closed and faces multiple approvals.
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