Qualcomm Adds $15 Billion in Market Value on Strong Earnings and Growth Outlook
Qualcomm's stock surged 12% after its second-quarter results showed strong performance in automotive and custom silicon segments, despite a 3% year-over-year revenue decline. The company's diversification into high-margin licensing and automotive chips is reshaping investor sentiment, with automotive revenue reaching a $5 billion annualized run rate.
Tickers: $QCOM
Topics: automotive segment custom silicon diversification earnings report market value stock price movement