$GOOG opened a $548M position in $QCOM, pairing Gemini AI directly with mobile Snapdragon chips. $QQQ $SMH SpaceX still dominates Alphabet's $83.7B equity port

$GOOG opened a $548M position in $QCOM, pairing Gemini AI directly with mobile Snapdragon chips. $QQQ $SMH SpaceX still dominates Alphabet's $83.7B equity portfolio at 95%, despite a 12% quarterly dip. Alphabet is concentrating capital on satellite reach and edge AI, shedding smaller software posit…