US STOCKS-Chip-deal talk lifts Nasdaq; telecoms weigh on S&P, Dow [Reuters]
QUALCOMM Incorporated (QCOM)
Last qualcomm incorporated earnings: 4/29 04:01 pm
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Source: Reuters
US STOCKS-Chip-deal talk lifts Nasdaq; telecoms weigh on S&P, Dow * Qualcomm rises on Broadcom’s $103-bln offer * Michael Kors jumps after raising 2017 revenue forecast * Verizon weighs on S&P, Dow * Indexes up: Dow 0.04 pct, S&P 0.08, Nasdaq 0.22 pct (Updates to early afternoon) By Tanya Agrawal Nov 6 (Reuters) - Dealmaking in the chip sector lifted the Nasdaq to a new intraday high on Monday but losses in the telecom sector after the collapse of merger talks between Sprint and T-Mobile weighed on the S&P and the Dow. Shares of Qualcomm rose as much as 5.7 percent before paring some gains and were the second biggest boost to the tech-heavy index after Broadcom offered to buy the smartphone chip supplier in what could be the biggest merger in the tech sector. Broadcom was off 0.6 percent. “The fact that the deal is on the table is huge,” said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. “We have not seen much in the way of dealmaking this year. So this might
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News
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QCOM
Earnings
- 1/31/24 - Beat
QCOM
Sec Filings
- 4/4/24 - Form 4
- 4/4/24 - Form 144
- 4/2/24 - Form 4
- QCOM's page on the SEC website