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Qualcomm Shares Rise Amid Chip Demand Speculation Ahead of Earnings

Qualcomm Shares Rise Amid Chip Demand Speculation Ahead of Earnings

Author:

Global Cryptocurrency

Published:

2026-01-23 09:37:01

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BTCCSquare news:

Qualcomm (QCOM) shares gained 0.9% to $157.72 as markets anticipate its February 4 earnings release. Semiconductor sector momentum continues despite softening smartphone demand, with investors scrutinizing Qualcomm's exposure to emerging IoT, automotive, and industrial applications.

Wall Street's broader rally lifted chip stocks, though tariff concerns and consumer electronics slowdowns linger. CEO Gregg Abella noted: 'Markets crave clarity beyond headlines' as Qualcomm's royalty business and handset segment performance remain focal points.

By:

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