Qualcomm Incorporated (NASDAQ: QCOM) announced today a quarterly cash dividend of $0.68 per common share,

payable on September 23, 2021, to stockholders of record on September 2, 2021. Qualcomm shares rose by 2.4% as of 12:15pm PST.

On Wednesday, Moderna Inc. surpassed a $100 billion valuation as vaccinations against the Covid-19 virus continue to spread around the world. 

Moderna's stock has risen more than 220 percent in the last year as pharmaceutical companies raced to develop a vaccine against the coronavirus. The first shots were fired in record time, with Moderna's inoculation being approved for emergency use in the United States in December.

ARK reduces its Chinese stocks to lowest since 2014 as China has taken action against domestic tech firms such as Alibaba and DiDi.

Cathie Wood, CEO of Ark Investment Management, discussed a "valuation reset" in Chinese internet stocks. In the last month, the company has sold $25 million in Tencent stock. China's weighting in that fund is now less than 1%, down from 8% in February, and China's weighting in the Ark Next Generation Internet ETF ARKW is the lowest since at least 2014.

Apple (NASDAQ:AAPL) shares hit a new high on Wednesday, up about 2.5%,

boosted by bullish analyst commentary and reports of significantly higher iPhone production rates. According to Bloomberg, the tech titan is aiming to produce as many as 90 million of its latest iPhones this year. Apple is reportedly planning to increase shipments by 20% over 2020 levels.

Alibaba and Tecent open up services to each other.

According to the WSJ report, both Alibaba and Tencent are working on new plans to loosen restrictions, including introducing Tencent's WeChat Pay to Alibaba's e-commerce marketplaces, Taobao and Tmall.

It comes just days after China launched a crackdown on a slew of technology companies with international listings, including Didi Chuxing, Tencent, and Alibaba.

Alibaba and Tecent stocks gains 1.07% and 1.58%, respectively, as of 12pm PST on Wednesday.

TSM, Taiwan Semiconductor Manufacturing Company, is set to release its second-quarter 2021 results on July 15.

The company is expected to benefit from the strong momentum in 5G smartphone launches in the second quarter of the fiscal year. Taiwan Semi expects revenue of $12.9 billion to $13.2 billion.

TSM shares gained 1.04% today while the broader markets are down 0.3%.

Tesla sales in China rebounded in the last 2 months.

Tesla just hit a series of troubles in China during the last few months, including customer's protest about braking issues and Tesla cars forbidden in government compounds. However, reach sales data indicate that demand for Tesla vehicles has rebounded in China. The month-over-month growth of sales units from March to June are 94%, -67%, 88%, and 28%, respectively.

On Tuesday, Chinese technology stocks rose the most in nearly three weeks,

as official approval for a Tencent Holdings Ltd. acquisition alleviated investor concerns about Beijing's recent regulatory crackdown. According to a statement on the State Administration for Market Regulation's website, Tencent's acquisition of search engine developer Sogou has been approved by China's anti-monopoly regulator.

Tecent shares rose 3.76%, Alibaba rose 1.96%, Bidu rose 2.33% while the broader USA markets are down about 0.3%.

Nokia of Finland said on Tuesday that it planned to raise its full-year forecast

as business picked up in the second quarter, sending the telecom equipment maker's shares up 9.5%.

FAAMG stocks reach new high.

For the first time since last September, Apple, Microsoft, Amazon.com, and Alphabet all set intraday highs on the same day. Apple shares closed 0.8 percent higher at $145.64, while Microsoft shares rose 1.3 percent and Amazon shares fell for the day.