query://toolsJun 25, 2026 · 3 min read
Qualcomm Paid $4 Billion for a Software Company. It's Really Buying a Crack in NVIDIA's Moat.
Qualcomm is acquiring Modular, the company behind the MAX engine and Mojo language, for about $3.9B. The target isn't the chips. It's CUDA, the software lock-in that makes NVIDIA hard to leave.