SpaceX struck a multiyear deal with Qualcomm to build out base stations for its Starlink Mobile cellular network.

Qualcomm is on a big run, powered by investor bullishness that the company will be at the center of a boom in AI devices.

Qualcomm CEO Cristiano Amon said that it would begin shipping data center chips to "a large hyperscaler" ahead of schedule, and called a bottom in China sales.