Breakfast News: QCOM Looks Past Phones for Growth

Breakfast News: QCOM Looks Past Phones for Growth

June 16, 2026

| Monday's Markets | | --- | | S&P 500 7,554 (+1.65%) | | Nasdaq 26,684 (+3.07%) | | Dow 51,671 (+0.92%) | | Bitcoin $66,555 (+4.17%) |

Source: Image created by Jester AI.

1. Qualcomm Eyes Tenstorrent Buyout

The Information reports Qualcomm (QCOM 1.02%) is in talks to buy AI chip start-up Tenstorrent to target new markets, while its CEO revealed the company is also working on over 40 designs of new AI devices, as commercial use cases expand. Recommended by both Team Hidden Gems and Team Rule Breakers, the stock rose around 4% in pre-market trading.

• **Acquisition would reduce dependence on the cyclical handset market: **The purchase of Tenstorrent, expected to be in the $8 billion to $10 billion range, would allow Qualcomm to pursue other growing market segments, such as data center processors and autonomous vehicle chips.
• "All the devices that we wear become endpoints for agents": Qualcomm CEO Cristiano Amon said his company is trialing various wearable tech devices, ranging from jewelry to earbuds with cameras. In particular, he's very optimistic about the growth of smartglasses.

2. Nvidia Set to Launch Historic Bond Sale

Nvidia (NVDA +3.90%) disclosed plans for a capital raise, with sources saying at least $20 billion in debt will be targeted. A company spokesperson noted the proceeds will be used "for general corporate purposes."

• First bond sale since the AI boom started in 2021: The move follows the likes of Alphabet (GOOG 0.34%) and Amazon (AMZN 0.73%), both tapping capital markets recently for additional funds to pursue AI infrastructure and related projects.
• "Nvidia is looking to return 50% of the company's cash flow to shareholders in the forms of stock buybacks and dividends": The move shouldn't be interpreted as a sign of cash flow problems, with Fool contributing analyst Danny Vena, CPA, saying "when I look at the fact that they just boosted their dividend 25-fold, Nvidia just became my biggest dividend payer in my portfolio."

3. AMD Jumps on MEXT Memory Purchase

Advanced Micro Devices (AMD +2.13%) closed yesterday 7% higher as news broke of it acquiring MEXT, a memory tech company, enabling improved system efficiency and lower operating costs going forward.

• "Customers are increasingly facing a common challenge: access to memory": As AMD acknowledged the memory-related bottlenecks, MEXT has developed innovative AI-powered predictive memory technology that expands usable memory capacity without compromising performance.
• Rising memory prices present an ongoing headache: The need to find solutions for the elevated cost of memory is clear, with AMD saying every category of enterprise compute now requires it. The stock is outperforming the S&P 500 by 154% since the January 2024 Stock Advisor recommendation by Team Rule Breakers.

4. Tell the SEC: Individual Investors Deserve More Information, Not Less

The SEC is proposing to cut your information in half. The agency wants to allow public companies to switch from quarterly to semiannual financial reporting – reducing the information you receive from the businesses you own from four times a year to two.

The stated rationale doesn't hold up. This change has been tested in the real world. When the UK tried it, companies didn't invest more long term. Executives didn't stop chasing short-term targets. All that changed was that individual investors had less information to work with.

Your voice can stop it. The SEC's public comment window closes July 6, 2026. Submit a comment, mention The Motley Fool Community, and tell the SEC that individual investors deserve more transparency, not less.

We've done this before. Twenty-six years ago, this community helped change federal securities law. Fools wrote the majority of the comment letters that got Regulation Financial Disclosure (Reg FD) passed. We can do it again. #Savethe10Q!

"I strongly agree that this is a bad move for individual investors – it creates opacity and undermines trust." -- David Gardner, co-founder of The Motley Fool

Fight the SEC plan to halve your data

5. Today's Take: Fully Invested or Cash on Hand?

I keep cash on the side for buying and add to that periodically, so that I don't need to make any spur of the moment selling decisions to fund investments. I increase my cash on hand if I think the market is overly hot, which means extra cash for opportunistic buys when the market inevitably cools.-- Alicia Alfiere Team Rule Breakers

With the market near all-time highs and toward the historic top of most valuation metrics, I'm currently in cash-accumulate mode. Right now, about 7% of my portfolio is cash, which is on the high end for me.-- Matt Frankel Team Hidden Gems

6. Your Take

Which of the following Hidden Gems recs – all with a positive performance but still lagging the S&P 500 since being recommended in the last two years – do you think has the best chance of beating the market over the next 3-5 years, and (importantly) why? **EQT **(EQT 2.59%), **IBM **(IBM 2.62%), or L3Harris Technologies (LHX +0.31%).

Debate with friends and family, or become a member to hear what your fellow Fools are saying!