Qualcomm (QCOM) stock is drawing heightened attention today after BMW named the chipmaker its lead compute silicon provider for next-gen digital ******* pits and automated driving systems. This multi-year agreement expands on years of deep technical collaboration between QCOM and BMW across the latter's global vehicle fleet.
The announcement arrives as Qualcomm shares are under significant pressure amid a broader tech rout, currently down more than 35% versus their June high.
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