Advanced Micro Devices IncImpact on stocks 3
Advanced Micro Devices Inc
NVIDIA Corporation
Qualcomm IncorporatedAcquisition of Modular provides AI-native software stack for data center expansion.

Qualcomm CFO and COO Akash Palkhiwala said the acquisition of AI software infrastructure startup Modular will provide an AI-native software stack that is critical for the company's expansion into data centers. Palkhiwala noted that Modular's founder, Chris, is well-known for building compilers and will help solve the industry-wide challenge of creating a software stack that is separate from underlying hardware and portable across different hardware types. He emphasized that the stack is open source and not specific to Qualcomm, and that Modular will continue to support the entire ecosystem while optimizing for Qualcomm products. The acquisition is expected to enable Qualcomm to scale this technology not only in the cloud but also at the edge.
Advanced Micro Devices Inc
NVIDIA Corporation
Qualcomm IncorporatedAcquisition of Modular provides AI-native software stack for data center expansion.