Alphabet Disclosed a $548 Million stake in Qualcomm

Google’s parent company has disclosed a $548 million equity stake in its long-term partner, Qualcomm. Alphabet’s 13F filing with the US Securities and Exchange Commission indicates it held 2,976,982 Qualcomm shares, valued at $547.9 million, at the conclusion of the third quarter. Qualcomm was not listed in the company's Q2 filing.

The 13F filing only reflects Alphabet’s holdings as of the final day of Q3. It does not provide the rationale for the acquisition or detail subsequent buying or selling activity. Qualcomm anticipates its inaugural revenue from custom data center processors starting in the current quarter. In its fiscal Q4 report, CEO Cristiano Amon reaffirmed a target of $5 billion in data center revenue for fiscal 2027, with an objective of over $15 billion by fiscal 2029.

Qualcomm processors have historically supported Android devices. The organizations have also collaborated on Googlebook laptops and a 2024 automotive AI agreement, as reported by Reuters. Microsoft and Meta have similarly ordered Qualcomm’s data center hardware. Alphabet’s filing also indicates it held approximately 555 million SpaceX shares at the end of September, up from 551.2 million at the end of June.