Why Qualcomm is paying $2.4 billion for Britain’s Alphawave - MarketWatch
1. Qualcomm acquires Alphawave IP for $2.4 billion to enhance AI technologies. 2. The acquisition represents a 96% premium over Alphawave's prior share price. 3. Alphawave generated $51 million EBITDA from $308 million revenue last year. 4. Qualcomm's stock has decreased 3% this year, while Alphawave surged 76%.