News Summary:
Qualcomm's broad expansion into AI data centers and automotive, highlighted by its Qualcomm Dragonfly platform and record automotive revenue, is drawing investor attention to the company's business beyond smartphones, with analysis suggesting it could be 13% overvalued, as of July 10, 2026. Previously, on July 9, newly surfaced benchmark data revealed that Qualcomm’s Snapdragon Wear Elite chipset signifies a substantial performance leap for the smartwatch industry, potentially impacting devices like Samsung's upcoming Galaxy Watch Ultra 2. Also on July 9, Qualcomm announced its partnership with Scam.ai to power "Halo," an on-device deepfake detection model optimized for Qualcomm-based PCs, launched at Computex 2026. This announcement followed the company's removal from several Russell growth and defensive indices in late June 2026. Earlier on July 9, Qualcomm disclosed its acquisition of AI startup Modular in a deal valued at just under $4 billion, a move aimed at strengthening its position in the AI infrastructure market. Additionally, on the same day, Microsoft began accepting preorders in Malaysia for its latest Surface Pro and Surface Laptop devices, which are powered by Qualcomm’s new Snapdragon X2 processors, offering configurations like the X2 Plus and X2 Elite, an optional OLED display, and up to 15.5 hours of battery life.
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