Qualcomm is attracting investors with its expanding data center chip business, expected to generate $40 billion in revenue by fiscal 2029. This growth has sparked interest in two new Direxion ETFs: QCMU, which offers 2x leveraged exposure to Qualcomm shares, and QCMD, which provides inverse exposure as a hedge. While Qualcomm may not surpass Nvidia as the top AI chip provider, modest gains in market share could still drive stock and ETF momentum through 2026.
Qualcomm announced higher long-term revenue and earnings targets at its investor day, raising its fiscal 2029 non-handset revenue goal to $40 billion from $22 billion. This includes over $15 billion from data centers, $10 billion from automotive, and...
Micron Technology signed 16 long-term customer agreements guaranteeing about $100 billion in revenue through 2030, boosting its stock by 16%. This move aims to end the traditional boom-and-bust cycle in the memory chip industry by securing stable, pr...
Qualcomm's stock rose sharply after announcing a multi-generation data center CPU deal with Meta Platforms, marking Meta as its first data center customer. The chipmaker also raised its fiscal 2029 non-handset revenue target to $40 billion, with data...
Tech stocks fell after a morning rally faded, despite Micron Technology's strong earnings boosting its shares nearly 15% after hours. The Nasdaq closed down 0.43%, while the Dow and Russell 2000 saw modest gains. Oil prices hit their lowest since Feb...
The FTSE 100 climbed above 10,500, boosted by strong tech sector gains following Micron's robust earnings report, which lifted semiconductor stocks globally. Halfords shares surged 16% after reporting better-than-expected profits and highest gross ma...
