Morgan Stanley continues to sing high praises for Qualcomm's acquisition of Alphawave, stating that it holds strategic significance.

According to the Wise Investment Finance APP, JPMorgan Chase released a research report, reiterating its "overweight" rating on Qualcomm (QCOM.US). JPMorgan Chase analysts believe that Qualcomm's acquisition of the UK-listed chip company Alphawave is a strategically important move that will help Qualcomm achieve growth in the data center field.