Qualcomm Sees $15 Billion Market Value Increase Due to Strong Outlook
Qualcomm's stock rose 12%, adding approximately $15 billion in market value, driven by strong performance in automotive and custom silicon segments despite a decline in overall revenue. The company reported fiscal Q2 revenue of $10.6 billion and non-GAAP EPS of $2.65, both below year-over-year figures but exceeding expectations.
Tickers: $QCOM
Topics: automotive custom silicon earnings market value Qualcomm stock price