Qualcomm shares jumped 10.3% before the bell on Thursday, as investors latched on to the chief executive’s optimism about a recovery in its smartphone business and data center opportunities, eclipsing a weak third-quarter forecast.
CEO Cristiano Amon, in an interview with Reuters on Wednesday, said the company was confident that the smartphone market will start to rebound after its fiscal third quarter.
Sign up here.
Qualcomm, one of the world’s largest suppliers of smartphone… [1427 chars]
Source: Reuters | Published: 2026-04-30T09:49:28Z
Credit: Reuters
