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Stockreport

Qualcomm stock surges 20% after earnings tease a mystery chip deal [Business Insider]

QUALCOMM Incorporated (QCOM)  More Company Research Source: Business Insider
Last qualcomm incorporated earnings: 4/29 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: qualcomm.com/info/investor-relations
The custom chip is expected to ship in December, the company signaled. We're unable to load that answer right now. Please try again. Qualcomm stock skyrocketed after the chipmaker revealed a custom chip deal with an unnamed hyperscaler customer. The stock was trading 16% higher at $180.97 around 12:15 pm ET on Thursday, jumping as high as 20% in intraday trading. Shares are up less than 6% year-to-date despite the dramatic post-earnings rally. The company announced its breaking into custom silicon chips with a top hyperscaler customer, though executive were tight lipped about which one. "We now expect initial shipments for a custom silicon engagement at a leading hyperscaler later this calendar year," CFO Akash Palkhiwala said on the earnings call. Despite analysts' probes in the Q&A portion of the call, Qualcomm did not name the customer beyond saying it's a "large" and "leading" hyperscaler. "The only thing I can tell, it is a large hyperscaler, and we are really thin [Read more]
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Stockreport

Qualcomm stock surges 20% after earnings tease a mystery chip deal [Business Insider]

QUALCOMM Incorporated  (QCOM) 
More Company Research Source: Business Insider
Last qualcomm incorporated earnings: 4/29 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: qualcomm.com/info/investor-relations
The custom chip is expected to ship in December, the company signaled. We're unable to load that answer right now. Please try again. Qualcomm stock skyrocketed after the chipmaker revealed a custom chip deal with an unnamed hyperscaler customer. The stock was trading 16% higher at $180.97 around 12:15 pm ET on Thursday, jumping as high as 20% in intraday trading. Shares are up less than 6% year-to-date despite the dramatic post-earnings rally. The company announced its breaking into custom silicon chips with a top hyperscaler customer, though executive were tight lipped about which one. "We now expect initial shipments for a custom silicon engagement at a leading hyperscaler later this calendar year," CFO Akash Palkhiwala said on the earnings call. Despite analysts' probes in the Q&A portion of the call, Qualcomm did not name the customer beyond saying it's a "large" and "leading" hyperscaler. "The only thing I can tell, it is a large hyperscaler, and we are really thin [Read more]
IMPACT SNAPSHOT
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QCOM
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Price Change %
Volume Shares
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Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
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High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
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%
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%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS