Apple Supplier Qorvo's Shares Surge 11% Pre-Market On Tuesday — What's Going On?
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Shares of Qorvo surged 11% in pre-market trading after reports of potential acquisition talks by rival Skyworks Solutions. Qorvo's market cap is over $8 billion, while Skyworks stands at about $11 billion. Qorvo has seen a 32% increase in stock this year, contrasting with Skyworks' 14.26% decline. Qorvo's strong momentum score of 63.59 indicates positive trends, while Skyworks shows weak momentum and growth scores. Qorvo's shares were trading at $102.35, while Skyworks was down to $74.12.
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