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