Qualcomm (QCOM) stock falls 7% on profit-taking despite signing a landmark deal to supply millions of AI data center chips to ByteDance. See why Tigress Financial targets a bullish $280 in 2026.

May 26 : Qualcomm reached a deal with TikTok owner ByteDance to supply chips for AI data centers, Bloomberg News reported on Tuesday, citing people familiar with the matter.…

American chipmaker Qualcomm has struck an AI chip deal with TikTok owner ByteDance, according to a Bloomberg News report

ByteDance is set to procure millions of Qualcomm ASICs to support its AI agent software, marking a major push into AI infrastructure

Qualcomm will supply millions of AI-focused ASIC chips to ByteDance, marking a major push into data center infrastructure beyond its core smartphone business.

Qualcomm will supply millions of AI-focused ASIC chips to ByteDance, marking a major push into data center infrastructure beyond its core smartphone business.

Qualcomm reached a deal with TikTok owner ByteDance to supply chips for AI data centres, Bloomberg News reported

Qualcomm has struck a deal to supply AI data center chips to ByteDance, marking a significant step in its efforts to diversify beyond smartphone processors.

Qualcomm (QCOM) stock falls 7% on profit-taking despite signing a landmark deal to supply millions of AI data center chips to ByteDance. See why Tigress Financial targets a…

Qualcomm’s (QCOM) shares plunged more than 6% on Wednesday. This likely stemmed from concerns that the U.S.-China chip export dispute could affe...