# Qualcomm (QCOM) shares shot up more than 8% during early Thursday market action.

*semiconductor, business · news · 2026-04-30 · Seeking Alpha*

## Key points

- Qualcomm shares rose over 8% despite weak Q2 results and a disappointing Q3 outlook.
- Investors are optimistic due to Qualcomm's planned shipment of custom silicon to a major company.
- The custom silicon initiative represents a strategic shift for Qualcomm's product offerings.
- Details about the major company receiving the custom silicon have not been disclosed.

Apr 30, 2026, 9:36 AM ETQUALCOMM Incorporated (QCOM) StockINTC, AVGOBy : Brandon Evans, SA News Editor Comments Qualcomm (QCOM) shares shot up more than 8% during early Thursday market action despite reporting weak second-quarter results and a third-quarter outlook below expectations, as investors focus on the company's plan to begin shipping custom silicon to a major Newsletters for Every Investor Get daily, sector-specific newsletters packed with expert insights, fresh ideas, and new opportunities. Subscribe to Newsletters

**Companies:** Qualcomm, Intel, Broadcom
**Countries:** United States

[Read the full story on Seeking Alpha](https://seekingalpha.com/news/4582854-qualcomms-hyperscaler-win-overshadows-weak-results-analysts)

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