Qualcomm Inc. said it is acquiring Modular Inc. , for about $3.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-06-24/qualcomm-confirms-buying-modular-to-help-ai-market-push)
The once-high-flying AI chip maker’s stock has now dropped more than 50% from its all-time intraday high hit six weeks ago.
Shares of Qualcomm soared on Wednesday after the company announced new revenue targets.
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