Alphabet discloses $548 million Qualcomm stake
Alphabet reported a Qualcomm stake worth $547.9 million as of September and a larger position in SpaceX. Source: Reuters.
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what happened
Alphabet said it held nearly 3 million Qualcomm shares as of September, a stake worth $547.9 million, according to Reuters. Qualcomm shares rose more than 3% in premarket trading.
The Google parent also raised its SpaceX holding to about 555 million shares from 551.2 million. Earlier this week, Qualcomm disappointed investors by missing Wall Street expectations for quarterly smartphone chip sales amid weak demand, although its forecast for the nascent data-center segment came in above expectations.
why it matters
Disclosures like this show how large technology companies spread capital across public holdings and private ventures. For investors in Qualcomm, the contrast between weak smartphone chip sales and stronger data-center expectations is the key point.
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- Alphabet discloses $548 million worth of Qualcomm stake — Reuters, 6 November 2026 at 11:09 UTC
- Alphabet discloses $548 million worth of Qualcomm stake — Reuters, 6 November 2026 at 11:20 UTC
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