Qualcomm Stock Rises on Strong Q2 Results and Entry into Data Center Processor Market
Qualcomm's stock surged 15.1% on Thursday following its second-quarter results, which exceeded analyst expectations despite a year-over-year decline. The company's entry into the data center processor market is a major factor behind the stock's rise, which has climbed 45% from its early April low.
Tickers: $QCOM
Topics: Earnings Market Reaction Profit Revenue Stock Performance