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Market Analysis 2026-05-26T20:44:46.000Z

Qualcomm (QCOM) stock is inching higher on May 26 following reports the company has signed a landmark agreement to supply artificial intelligence (AI) chips to ByteDance. The parent company of TikTok marks QCOM’s first high-volume client for its newly unveiled data center hardware line, underscoring its rapid evolution into a major AI infrastructure name. Billionaire Stanley Druckenmiller Just Sold 2 Key AI Stocks. He Bought Broadcom Instead. S&P 500 and Nasdaq 100 Climb to Record Highs on Tech Stock Strength Billionaire Dan Loeb Cashed Out of Microsoft Stock. Shares Are Down 14.2% YTD. Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Including today’s gains, Qualcomm stock has nearly doubled since early April. T

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