Group 1 - Qualcomm Incorporated (NASDAQ:QCOM) has received approval from the High Court of Justice in England for its acquisition of Alphawave IP Group plc, valued at $2.4 billion, which is expected to enhance Qualcomm's capabilities in data centers [2][5] - The acquisition will be executed through Qualcomm's subsidiary, Aqua Acquisition Sub LLC, and follows the approval from Alphawave's shareholders [2] - Alphawave Semi is recognized for its leadership in high-speed wired connectivity and compute technologies, providing essential products for faster and more reliable data transfer [3] Group 2 - The CEO of Alphawave Semi, Tony Pialis, emphasized that the merger will allow both companies to expand their product offerings, reach a wider customer base, and enhance technological capabilities, particularly in AI compute and connectivity solutions [4] - Cantor Fitzgerald has raised Qualcomm's price target from $170 to $185, reflecting expectations that the company will benefit from AI-driven demand across various sectors [5] - Qualcomm is a leading innovator in wireless technology, supplying chips, software, and platforms for mobile devices, cars, and IoT, significantly contributing to the advancement of 5G, Wi-Fi, and AI technologies [6]

Core Viewpoint - Citron Research favors Infleqtion over Rigetti Computing Inc., highlighting the valuation gap and the progress made by Infleqtion in the quantum technology sector [1][2]. Company Comparison - Infleqtion is positioned as a "far superior quantum company" compared to Rigetti, with diverse revenue streams from quantum sensors, atomic clocks, and RF systems, while Rigetti relies more on prototypes and demos [3][4]. - Infleqtion's partnership with NVIDIA Corp. is a significant advantage, providing credibility and potential future opportunities, as NVIDIA has showcased Infleqtion in various high-profile events [4]. Valuation Insights - Citron claims that Infleqtion deserves a higher valuation, potentially surpassing Rigetti's market cap of $14 billion, suggesting that at a $15 billion valuation, Rigetti's stock price should be $46.88, while Infleqtion's would be $58.82 [5]. - Rigetti shares have seen a substantial increase of nearly 370% over the past six months, trading at $44.96, while Churchill Capital, Infleqtion's SPAC partner, has gained 100% since the merger announcement [6].