Qualcomm Rises 12% on Meta Data Center Deal

By EC Assets · Published 25 June 2026

Qualcomm shares rose significantly following an announcement concerning its data center business. The company identified Meta as its initial data center client. This development contributed to a broader uplift in the chip sector. Qualcomm's stock experienced a 12% jump after the Meta announcement. This surge occurred alongside other movements in the financial markets. Nasdaq futures also saw a 2% increase. The upward movement in Qualcomm and Micron shares fueled a rally in chip stocks. Investors found relief in forecasts provided by Micron and Qualcomm. The broader market was awaiting data on personal consumption expenditures (PCE). This article is intended for informational purposes only. It does not constitute investment advice.