Alphabet reports holding nearly 3 million Qualcomm shares

The stake was worth $547.9 million at the end of September, according to The Next Web, citing Reuters and a regulatory filing listing Alphabet’s investments in other companies. The Next Web also reported that Qualcomm shares gained more than 3% before the US market opened following the disclosure.

• Qualcomm missed quarterly smartphone chip sales expectations amid weak demand, according to The Economic Times.

Covered by 2 publishers within 1 hour of the first report.

• The Next Web: Alphabet discloses $548M stake in chipmaker Qualcomm

Reporting2

TNW The Next Web Alphabet discloses $548M stake in chipmaker Qualcomm · Cristian Dina 7:16 AM

ET The Economic Times Alphabet discloses $548 million worth of Qualcomm stake 7:54 AM

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Topics GoogleQualcomm