Qualcomm jumps as AI sparks rebound in Chinese smartphone market

Islanders flock to Charlottetown Flea Market for affordable finds amid rising costs | SaltWire - Qualcomm shares rose 4% in premarket trading on Thursday after the smartphone-focused chipmaker signaled an AI-fueled rebound in demand, especially in China, after a two-year slump.

"They further represent an upside for Qualcomm because majority of the recovery is also going to be driven by Chinese OEMs this year, coming from a tough last two years." The company, the biggest supplier of smartphone chips, was on course to add more than $8 billion to its market value based on premarket movements. Other semiconductor firms such as Arm and Broadcom rose 2.8% and 2.4%, respectively.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Qualcomm jumps as AI sparks rebound in Chinese smartphone marketSales to Chinese smartphone makers jumped 40% in the first half of its fiscal year, the company said on Wednesday, as buyers there gravitate toward higher...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

TSX set for muted open after three-day record run; gold and oil stocks to limit declinesExplore stories from Atlantic Canada.
Fuente: SaltWire Network - 🏆 45. / 63 Leer más »