Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

Monday's moves include a billion-dollar AI buy, a skincare play, and a massive crypto bet.

Thanks for joining us today. It's June 9th. I'm Julie Morgan.

Qualcomm is acquiring British semiconductor company AlphaWave IP

for about $2.4 billion to boost its AI technology portfolio. AlphaWave shareholders will get

183 pence per share. Shares of AlphaWave soared about 23% in London, while Qualcomm's stock was largely

flat pre-market on Monday. AlphaWave has serializer, deserializer, also known as Serdes, a technology which

decides how fast information can get onto and off a chip, which is crucial for AI because chatbots

and other applications may need thousands of chips put together at one time to operate efficiently.

More M&A news to tell you about. L'Oreal has acquired a majority stake in the British skincare

brand Medicaid.

The company focuses on vitamin A-based anti-aging creams and serums.

Medicaid is recognized for its professional origins and omni-channel sales strategy,

with a growing presence in both the U.S. and Europe.

The deal was made with Medicaid's current owner, the U.K.-based

private equity firm in Flexion, which will retain a minority shareholding as part of the transaction.

The financial terms have not been disclosed.

Metaplanet's Tokyo listed shares jumped over 16% on Monday after the company announced plans to raise approximately $5.4 billion to expand its Bitcoin holdings, which are already valued at nearly $1 billion.

The company aims to hold over 210,000 BTC by 27, viewing it as a hedge against Japan's economic challenges.

Metaplanet's shares in Tokyo have risen more than 340% so far this year,

as the firm follows through with its BTC accumulation plan.

Now for a look at a few other articles that are trending on seeking Alpha at this early

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