News
The day at a glance · 2 min read
Mood · Selective
+25
Sentiment, −100 to +100
QCOM Premarket Move
9.2%+9.2%
AI & Semiconductors
MRVL Price Target
$156+$21
AI & Semiconductors
Ackman AI Allocation
30%
Big Tech Regulatory & M&A
Key driverOpenAI smartphone chip partnership drives semiconductor optimism amid China regulatory headwinds
Daily briefTech Sector· Money365.Market AI ·

Qualcomm Surges on OpenAI Chip Partnership Report

China blocks Meta's AI acquisition as Qualcomm jumps on smartphone processor collaboration news

AI & Semiconductors

Bullish
QCOMMRVL
Qualcomm ($QCOM) shares jumped 9.2% in premarket trading after TF International Securities analyst Ming-Chi Kuo reported that industry checks suggest OpenAI is working with $QCOM and MediaTek to develop smartphone processors. The stock extended gains from the prior session on the potential long-term catalyst tied to the AI leader.
Marvell Technology ($MRVL) received a price target increase from $135 to $156 from B. Riley, which maintained a Buy rating on the stock. The analyst expressed confidence in $MRVL's future growth value following strong sector signals.

Big Tech Regulatory & M&A

Bearish
META
China's National Development and Reform Commission blocked Meta Platforms ($META) from acquiring Chinese AI startup Manus, ordering the cancellation of the deal as Beijing and Washington jostle over supremacy in frontier industries. The decision highlights Beijing's commitment to stop AI talent and intellectual property from being acquired by U.S. entities, as Washington tries to hamper China's AI development with export controls designed to cut off access to U.S. chips. The Financial Times reported that China had restricted two Manus co-founders from leaving the country. Despite the setback, billionaire Bill Ackman maintains 30% of his portfolio in two AI stocks, with Wall Street analysts projecting potential gains of 50% and 100% for $META and Uber Technologies.

Enterprise Software & Workforce

Neutral

CRM Price Target

$280

Tech Job Cuts

23,000

Meta Workforce Reduction

10%-10%
CRMMSFTMETA
Salesforce ($CRM) received a Buy rating and $280 price target reiteration from Truist Securities analyst Terry Tillman after attending the company's TDX developer conference in San Francisco. The analyst noted that Agentforce has a pricing problem that is fixable.
Microsoft ($MSFT) and Meta ($META) revealed major workforce reductions affecting potentially 23,000 employees as the tech industry undergoes a fundamental structural shift toward AI.
$META plans to cut 10% of its staff, approximately 8,000 positions, starting in late April as companies pivot resources toward artificial intelligence initiatives.

Cloud Infrastructure & Partnerships

Bullish
GOOGLUBER
Thailand's colocation data center market is expanding significantly, with detailed analysis covering 41 existing and 33 upcoming facilities through 2029. Key locations include Bangkok, Chon Buri, and Pathum Thani, with major players like SUPERNAP Thailand, True IDC, and international hyperscalers including Amazon Web Services and Google ($GOOGL) leading the buildout.
Uber Technologies ($UBER) and Block announced a major expansion of their global partnership designed to streamline restaurant operations and broaden payment options for consumers. A key component of the agreement is the international rollout of Square's native integration with Uber Eats.

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