Qualcomm stock rallies 8.17% on strong trading day
Updated
Updated · MarketWatch · May 8
Qualcomm stock rallies 8.17% on strong trading day
9 articles · Updated · MarketWatch · May 8
Shares closed at $219.09 on Friday, their fourth straight gain, with trading volume of 37.5 million far above the 50-day average of 16.1 million.
The stock finished 2.04% below its 52-week high of $223.66 reached on May 7, as the S&P 500 rose 0.84% and the Dow added 0.02%.
Among peers, Nvidia gained 1.75%, Broadcom rose 4.23% and Intel jumped 13.96%, leaving Qualcomm ahead of some rivals but trailing Intel's sharper advance.
Can Qualcomm's pivot to automotive and AI save it from the weakening smartphone market?
Is the AI chip market's 'changing of the guard' a real threat to NVIDIA's long-standing dominance?
As the AI arms race consumes gigawatts of power, what is the unspoken environmental price of progress?