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Why Qualcomm (QCOM) Shares Are Trading Lower Today
StockStory84d agoneutral
Why Qualcomm (QCOM) Shares Are Trading Lower Today

Shares of wireless chipmaker Qualcomm (NASDAQ:QCOM) fell 4.5% in the afternoon session after Elon Musk denied reports that SpaceX was developing an AI device using the company's Snapdragon chip, and after its removal from several Russell indexes.

QUALCOMM (QCOM) Stock Just Lost Its Place In Several Russell Indices
Simply Wall St.85d agobearish
QUALCOMM (QCOM) Stock Just Lost Its Place In Several Russell Indices

QUALCOMM (NasdaqGS:QCOM) has been removed from multiple Russell growth and value indices. The index changes follow a period of AI related announcements, infrastructure launches, partnerships, acquisitions and new revenue targets. The adjustments affect how the stock is represented in prominent benchmarks that many passive funds track. For investors watching QUALCOMM, the index removals arrive just after a busy stretch of AI focused updates that aim to expand the business beyond its...

Investing.com86d agoneutral
SpaceX teases AI device post-IPO; QCOM gains, Apple unfazed

Investing.com -- Fresh off its historic debut on the public markets, Elon Musk’s SpaceX is keeping the momentum going. The newly public aerospace and tech giant has reportedly showcased a prototype AI-interaction device to investors. The hardware, described as sleeker and thinner than an Apple iPhone, marks an ambitious consumer tech play for the company. SpaceX presented the prototype to key stakeholders and institutional investors in a series of private meetings, according to a report from the

Morgan Stanley Upgrades Qualcomm (QCOM) but Remains Cautious on AI Roadmap
Insider Monkey87d agobullish
Morgan Stanley Upgrades Qualcomm (QCOM) but Remains Cautious on AI Roadmap

QUALCOMM Incorporated (NASDAQ:QCOM) is one of the 14 AI Stocks Making Moves on Wall Street: Nvidia, Micron, and More. While Qualcomm’s expanding data-center revenue opportunity makes it difficult to remain bearish, one investment firm remains skeptical due to its product roadmap and competitive positioning. On June 25, Morgan Stanley upgraded Qualcomm to Equal-weight from Underweight […]