Qualcomm Stock’s Wild Ride: New Chip Triumphs, China Shocks, and What’s Next for QCOM
Qualcomm shares closed at $163.45 Friday after a volatile week, rebounding 6% from lows sparked by a Chinese antitrust probe into its Autotalks deal. The company beat Q3 estimates and raised guidance, while new chip launches drew attention. Insiders trimmed holdings, but retail investors showed optimism. The stock remains about 10% below its 52-week high, with a market cap near $177 billion.