Qualcomm rallies as data center progress and China phone market recovery predicted
Updated
Updated · Bloomberg · Apr 29
Qualcomm rallies as data center progress and China phone market recovery predicted
14 articles · Updated · Bloomberg · Apr 29
Qualcomm announced a top hyperscaler will begin using its components later this year, boosting late trading shares.
The company expects a rebound in the China smartphone industry, following recent quarterly results and ongoing data center expansion.
Earlier, Qualcomm reported $10.6 billion Q2 revenue and a multi-generation hyperscaler partnership, with AI opportunities and a weak near-term outlook influencing stock volatility.
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