Why Qualcomm Stock Was Moving Higher Today
Shares of Qualcomm (NASDAQ: QCOM) were climbing after the chipmaker announced a new supply agreement with Apple, ensuring a key revenue stream will continue through at least 2026.
As of 10:24 a.m. ET, the stock was up 2.8% after opening the session trading up as much as 5.4%.
In a press release this morning, Qualcomm said it has entered into an agreement with Apple to supply Snapdragon 5G Modem-RF Systems for smartphone launches in 2024, 2025, and 2026.
Source Fool.com
Qualcomm Inc. Stock
€128.08
-2.480%
Currently there is a rather positive sentiment for Qualcomm Inc. with 40 Buy predictions and 10 Sell predictions.
As a result the target price of 175 € shows a positive potential of 36.63% compared to the current price of 128.08 € for Qualcomm Inc..
