Alphabet Reveals Stake in Qualcomm
Alphabet disclosed holding a stake worth 548 million dollars in chipmaker Qualcomm as of September. The Google parent also increased its position in Elon Musks SpaceX.
Insights:
Alphabet disclosed a $547.9 million stake in Qualcomm, holding nearly 3 million shares as of September. The Google parent also lifted its SpaceX holding to 555 million shares from 551.2 million. The disclosure follows Qualcomm's recent quarterly revenue miss on weaker smartphone chip demand.
