Shares of Qualcomm surged 11%, with Skyworks Solutions and Qorvo also rising amid a rotation into focused mobile and RF chipmakers. Qualcomm's strong momentum is driven by growth in Snapdragon mobile SoCs, automotive chips, and AI silicon, supported by a recent earnings beat and a $20 billion buyback plan. Skyworks and Qorvo gained on solid earnings and merger progress, though their long-term performance lags behind diversified giants like Broadcom. Investors await Qualcomm's June 24 Investor Day for further data center and AI roadmap details, while regulatory approval for the Skyworks-Qorvo merger remains a key watch point.
Qualcomm's shares surged 12% on Friday, marking a 75% rise in the past month, driven by its expanding role in AI and connected devices. The company secured a deal with automaker Stellantis to use Qualcomm's Snapdragon processors in vehicles, enhancin...
Qualcomm's stock has surged 51.2% from its March low to around $195, driven by strong Q2 results and growth in automotive and data center sectors. The company reported record automotive revenue and confirmed upcoming shipments of custom silicon for h...
Arm Holdings shares have surged 102% year to date, outperforming peers like Synopsys, Cadence, and Qualcomm. The company's licensing model, which earns royalties on every Arm-based chip, is benefiting from rising AI infrastructure demand, especially ...
