QCOM Jun 2024 120.000 call
| Previous Close | 47.00 |
| Open | 58.50 |
| Bid | 60.00 |
| Ask | 61.15 |
| Strike | 120.00 |
| Expire Date | 2024-06-21 |
| Day's Range | 57.90 - 60.55 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 1.41k |
- Yahoo Finance Video
Qualcomm CFO details 'first steps' of AI integration in phones
Qualcomm Inc. (QCOM) has issued an upbeat sales outlook, boosted by the chipmaker's anticipation of a resurgence in smartphone demand from China. To delve deeper into this forecast, Qualcomm' Chief Financial Officer Akash Palkhiwala joins Yahoo Finance anchor Julie Hyman. Palkhiwala states that the company is "very happy" with the current dynamics in the smartphone market, citing a trend of Android users gravitating "toward more premium devices." Looking ahead, the CFO reveals that Qualcomm is embarking on its "first steps" to integrate generative AI capabilities into devices, with the aim to extend this technology into the company's automotive and PC sectors in the future. Palkhiwala highlights that the integration of generative AI has already started within the company's hardware offerings. However, the primary focus moving forward will be on enhancing use cases and features within premium devices. "We're at the front end of a multiyear trend, and we're excited about what the devices can do with this capability," Palkhiwala told Yahoo Finance. "There's an upside opportunity for us if this drives an upgrade cycle in smartphones." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
Investor's Business DailyQualcomm Stock Breaks Out On Beat-And-Raise Report
Wireless-chip leader Qualcomm beat expectations for its fiscal second quarter and guided higher than views for fiscal Q3.
- Reuters
US STOCKS-Wall Street ends higher as Fed signals dovish bias; jobs report eyed
U.S. stocks rallied on Thursday as investors weighed the Federal Reserve's more dovish-than-expected interest rate guidance on Wednesday against a plethora of mixed earnings and economic data. All three indexes ended in positive territory, with the tech-heavy Nasdaq enjoying a healthy boost from chip stocks after Qualcomm reported quarterly sales and profit above analyst expectations. Markets continued to parse Fed Chair Jerome Powell's assurances on Wednesday that the central bank's next policy move will be to lower its key policy rate, after it left rates unchanged at the end of its monthly meeting.
