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A humanoid robotics company and Tesla rival has landed a deal with clothing brands for distribution and logistics.
Dow notches fresh all-time high while Nasdaq 100 drops 0.7% as chip stocks unwind. Oil sinks nearly 4% after Iran-US peace draft headlines clash with White House denial.
Qualcomm (QCOM) stock falls 7% on profit-taking despite signing a landmark deal to supply millions of AI data center chips to ByteDance. See why Tigress Financial targets a bullish $280 in 2026.
U.S. stocks were higher, Nasdaq up 350 points. Micron stock rose on UBS's tripled price target. Other big gainers include BRAI, RDW, HTT, ATOM, TE, MOD, ORBS, YSS, ASTS, UMC, and JOYY.
https://www.bloomberg.com/news/articles/2026-05-26/qualcomm-strikes-ai-chip-deal-with-tiktok-owner-bytedance
Dell, Qualcomm and HP power an AI-fueled rally to send the Dow to record highs. Nasdaq 100 and S&P 500 eyes eighth straight week of gains.