Qualcomm Inc. Stock Underperforms Wednesday When Compared To Competitors Despite Daily Gains
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Qualcomm Inc. (QCOM) shares rose 1.49% to $156.37 on Wednesday, ending a seven-day losing streak, while the S&P 500 and Dow Jones also gained. Despite this, Qualcomm's performance lagged behind competitors like NVIDIA, which rose 2.95%, and Intel, which surged 11.72%. The stock remains 24.07% below its 52-week high of $205.95 reached on October 27. Trading volume was 9.1 million, above the 50-day average of 8.8 million.
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