Qualcomm, Inc. is a leading technology company that specializes in designing and manufacturing semiconductors and telecommunications equipment. Known for its innovations in mobile broadband technology, Qualcomm develops advancements in wireless communication, particularly in the realms of 5G connectivity and mobile processors. The company plays a crucial role in enabling smartphones, tablets, and various connected devices with its chipsets and software solutions. Additionally, Qualcomm is involved in research and development to expand the capabilities of the Internet of Things (IoT) and automotive technology, driving the future of connectivity across different industries. Read More
Strong earnings and a strong jobs report extended the relief rally, but don't make a case for lower interest rates as investors still wait for trade deals
Shares of wireless chipmaker Qualcomm (NASDAQ:QCOM)
fell 8.1% in the afternoon session after the company reported mixed second-quarter 2025 results as concerns lingered due to rising inventories and a revenue forecast that slightly trailed analysts' estimates. Sales rose 17% driven by strength across automotive and IoT segments, while handset revenue grew at a slower 12% clip, signaling modest momentum in core mobile markets.
Stay updated with the movements of the S&P500 index in the middle of the day on Thursday. Discover which stocks are leading as top gainers and losers in today's session.
Wall Street pushed higher in midday trading, with the S&P 500 on track for its eighth consecutive gain — its longest winning streak since November 2023. The index rose about 1% to 5,560, fully recovering the losses sustained after former President Donald Trump announced trade tariffs on April 2.
