Qualcomm Surges on Strong Revenue, Skyworks and Qorvo Also Rise in Mobile Chip Sector Rally
Qualcomm (QCOM) shares surged over 11% following a strong quarterly revenue report of $10.6 billion with record automotive sales at $1.33 billion (+38% YoY). Skyworks Solutions (SWKS) and Qorvo (QRVO) also rose by 9% and 7%, respectively, driven by robust performance in Wi-Fi 7 growth and strong earnings beats.
Tickers: $AVGO $QCOM $QRVO $SWKS
Topics: automotive_revenue mobile_chips RF_components semiconductors