Qualcomm Stock Surges 11% Amid Semiconductor Sector Rally, Remains Down 13% Year-to-Date
Qualcomm's stock rose 11% on April 24, 2026, driven by a broader semiconductor sector rally following Intel's strong Q1 2026 earnings. Despite the one-day gain, Qualcomm remains down 13% year-to-date due to ongoing challenges like competition from Apple, China market weakness, and margin pressures. The Philadelphia Semiconductor Index also hit a new high, signaling renewed optimism in the chip sector.
Topics: Chip Sector Earnings Report Intel Qualcomm Stock Market