Qualcomm Shares Rise on CEO Comments About China Orders and Hyperscaler Customer

Qualcomm shares rose 16% following CEO Cristiano Amon's comments about shipping data center chips to a large hyperscaler in the current year. The stock initially dropped after the company's Q2 earnings beat estimates but missed on Q3 guidance. Amon indicated that China sales will hit a bottom in the current quarter due to inventory depletion.

By Katie Tarasov · CNBC · April 29, 2026, 21:59 UTC

Qualcomm Shares Rise on CEO Comments About China Orders and Hyperscaler Customer

Tickers: $QCOM

Topics: AI Development Data Center Chips Earnings Report Hyperscaler Partnerships Stock Price Movement

Read the full article at CNBC

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