Qualcomm is trading at $184.98, up 4.58%, after August inflation data matched expectations, easing immediate concerns about upside price surprises and supporting a broad U.S. equity rally.
- Major indexes are also higher, while Qualcomm continues benefiting from investor enthusiasm around its Amazon AI-data-center collaboration, announced September 8.
- The collaboration involves customized silicon and a potential $60 billion commercial opportunity.
- Semiconductor-sector context is mixed, with SOXX down 2.63%.