Alphabet Invests $548 Million in Qualcomm for Data Center Expansion

• Alphabet, parent company of Google, has invested $548 million in Qualcomm.
• The investment was disclosed through a regulatory filing by Alphabet.
• Qualcomm's shares increased by over 3% following the announcement.
• The investment is part of Alphabet's strategy to expand its data center capabilities.
• Alphabet owned nearly 3 million shares in Qualcomm as of the end of September.