Recently, Zacks.com users have been paying close attention to Qualcomm (QCOM). This makes it worthwhile to examine what the stock has in store.
While Micron Technology projected a year-over-year decline in revenue of over 50% for the upcoming quarter, it did offer optimistic long-term perspectives on several semiconductor sectors.
Intel delivered a positive update on its data center chips, and semiconductor stocks surged broadly on the back of Micron's earnings, which called a bottom in chip sales.