Alphabet invests nearly $548 million in Qualcomm amid data center focus

Business Nov 06, 2026

Alphabet (yep, Google's parent company) has invested nearly $548 million in Qualcomm, snapping up almost three million shares as of September.

This comes right after Qualcomm posted weaker smartphone chip sales than expected, but Alphabet seems more interested in Qualcomm's nascent data-center segment.

The news gave Qualcomm's stock a nice boost, jumping over 3% in premarket trading.

Alphabet diversifies with SpaceX investment

Qualcomm is betting big on its data center segment.

Meanwhile, Alphabet is spreading its bets across hot tech sectors, not just with Qualcomm but also by upping its investment in SpaceX, showing it's all in on the next wave of innovation.