Qualcomm (QCOM) Stock Gains 11% in Pre-Market as Earnings Signal China Recovery

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2026.04.30 11:37
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Qualcomm (QCOM) shares surged over 11% in pre-market trading following the release of its fiscal Q2 results, which indicated a potential recovery in key markets. The company reported $10.6 billion in revenue and non-GAAP earnings per share of $2.65, aligning with the high end of its guidance. Despite mixed results across segments, the report positively influenced investor sentiment.