Qualcomm Shares Rise Amid Smartphone Market Recovery Hopes and Data Center Expansion
Qualcomm's shares rose 15% in extended trading after CEO Cristiano Amon expressed optimism about a smartphone market rebound and data center opportunities, despite third-quarter revenue forecasts below expectations. The company expects revenue between $9.2 billion and $10 billion for the current quarter, below estimates of $10.27 billion.
Topics: Data Center Chips Earnings Forecast Qualcomm Smartphone Market Recovery Stock Price Movement