PTC Rallies on Deal; Qualcomm Up on Chip Patent Licensing | Stock Movers

On this episode of Stock Movers: - PTC (PTC) shares are rallying as Schneider Electric agreed to buy PTC for about $22.6 billion in an all-cash deal to tap into the artificial-intelligence boom. - Qualcomm (QCOM) shares are higher as the company agreed to license patents underpinning Huawei Technologies Co.’s novel LogicFolding chipmaking technique. - Taiwan Semiconductor (TSM) shares are gaining with sentiment boosted by discussions between the Taiwanese chip giant and Elon Musk’s Terafab on potential collaboration (Source: Bloomberg)

Read it at Bloomberg Markets ↗

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