semiconductor / news / / Benzinga
Qualcomm reported a fiscal second quarter double‑beat and management's AI‑focused commentary.
Qualcomm will begin shipping data-center AI chips to a large hyperscaler within the year.
KEY POINTS
- The company completed $5.4 billion in buybacks and authorized a new $20 billion repurchase program.
- Qualcomm stock is trading 43% above its 20-day SMA and 55.6% above its 50-day SMA.
- RSI is at 82.52, indicating overbought conditions that often precede volatility or pullbacks.
COMPANIES
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