Key inflation data and AI earnings could set the tone for markets this week.
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Qualcomm shares jumped after it struck a multi-year deal to supply Amazon Web Services with custom data center chips and optical networking, tied to warrants and up to $60 billion in purchases through 2036.
GE Aerospace’s $11.75 billion deal for Consolidated Precision Products sent Howmet Aerospace shares down 10%, but strong casting demand suggests both stocks remain well-positioned.
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Key inflation data and AI earnings could set the tone for markets this week.