Now time for some of today's trending tickers. We are watching Qualcomm, Nvidia and Joby Aviation. First up, let's go to Qualcomm here, agreeing to buy semiconductor company Alpha Wave for $2.4 billion. The London listed company designs semiconductor tech for data centers, networking and storage. And the deal is expected to be completed in the first quarter of 2026. There you're taking a look at shares of Qualcomm actually responding well to this. Typically you see the company making the acquisition actually moving lower, but in the case where investors might say, hey, they got a pretty good deal and how accretive it might be to the business and the opportunity for scaling that business being acquired. Investors might be cheering this one on just a little bit here as evidence through the pre-market action here.

Yeah, it's a fascinating markup for Alpha Wave. I believe it's a 96% markup from where the stock closed on Friday here. Uh also, for shareholders of Alpha Wave, they will have the option to convert those shares to Qualcomm shares. And a reminder adding to what Brad was saying, Alpha Wave does specialize in kind of that high-speed connectivity technology. So that is going to enable Qualcomm to be able to have access to data that can travel faster for less power, which perhaps is why the stock is up because that lesser power would also potentially protect their margins going forward in the future.

Next up, let's talk Nvidia. CEO Jensen Wong, praising the UK's artificial intelligence sector, calling it a quote Goldilocks circumstance. Wong going on to say that it's an incredible place to invest while speaking at London Tech Week. This comes as the chip maker announces several partnerships in the UK and also comes as President Trump and Xi Jinping are in London having those trade talks today. Really interesting to see these tech CEOs picking other countries outside of the US to cozy up to amid the back and forth on tariff policy.

Yeah, it's a little bit of making sure that you're also speaking kindly of some of the officials elected officials and even in the case of when they made the visits to the Middle East, some of the crown princes and other dignitaries there, making sure that you're staying away from any negative type of light, especially knowing that you're going to be trying to pop up data centers everywhere essentially. Uh and so for Nvidia, looking at and praising the UK especially with who they were speaking on this panel with, British Prime Minister Kier Starmer and then as well, the investment Minister, Poppy Gustavson, uh and talking about machine learning and where Nvidia potentially plays a role, as it uh as it's really intending to show its globalization efforts at this juncture. Uh another key opportunity for Jensen Wong to become even more internationally known than he already is and developing some of these partnerships uh as well with the UK this time.

Absolutely.

And finally here, let's go to the air, to the skies. Air mobility stocks climbing after President Trump signed an executive order aimed at boosting US drone manufacturing. Now, the order establishes a pilot program for electrical vertical takeoff and landing aircrafts, those EV talls. Now, the administration says that the program will allow companies that are already conducting this type of testing to partner with state, local and tribal governments. You're taking a look at shares of two of the more well-known EV tall companies, Joby and Archer Aviation, both moving higher here. Archer up by about 12% here pre-market.

Want to hear something crazy about Archer? It's up 208% over the last year, which is crazy. Joby is up uh 60% in the last year and both um are up year to date, despite some of the stock market volatility. So certainly seeing some of that bullishness around these EV tolls getting any type of FAA regulatory approval playing out in the stock prices here. You also have uh Toyota backing the likes of Joby. And then you've got uh both companies looking to the Middle East as potential profit drivers going forward as well. So certainly a slew of catalysts for those names, especially Archer there with those moves to the upside.

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