Qualcomm (QCOM) struck an AI chip deal with ByteDance, Bloomberg reports

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Wall Street banks are lobbying the Federal Reserve to formalise its supervisory pullback to prevent reversal by future administrations, Reuters reports

US to sell USD 69bln 17wk bills on May 27th, USD 85bln 4wk bills on May 28th, and USD 80bln 8wk bills on May 28th; all to settle on June 2nd

Qualcomm (QCOM) struck an AI chip deal with ByteDance, Bloomberg reports

US Navy has restarted guiding ships through the Strait of Hormuz, WSJ reports citing a US official; US Navy plans to help about a dozen vessels cross through Hormuz over the coming days

[MARKET UPDATE] Nasdaq 100 hits 30,000 for the first time

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  • Qualcomm has agreed to supply ByteDance with millions of application-specific integrated circuits for AI data centres supporting AI agent software
  • The deal marks a significant step in Qualcomm's push to expand beyond smartphone processors into AI infrastructure, Bloomberg reports

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