Apple Concept
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Weekly Recap | Qualcomm -5.07%, Huawei licence deal, Arm verdict in focus
Weekly Review·- Qualcomm shares fell 5.07% this week to close at 175.5 US dollars, underperforming the S & P 500 amid broader semiconductor sector corrections. - Key corporate developments included a patent cross-licensing agreement with Huawei, a 6G technology showcase with Tejas Networks, and market caution ahead of an upcoming Arm contract dispute jury verdict. - Institutional sentiment remained neutral with a consensus target price of 194.13 US dollars, while investors await upcoming inflation data and the Q4 fiscal earnings report on November 4.Weekly Recap | Intel -12.26%, trailing the S&P 500 by over 13 points
Weekly Review·- Intel accumulated a decline of 12.26 % to close at 104.70 dollars this week, underperforming the S&P 500 by approximately 13.41 percentage points. - The weekly decline was driven by foundry competition concerns and a cooling AI sector, despite positive analysis regarding Nvidia and Anaconda partnerships. - Fifty-three institutions maintained a consensus buy rating with an average target price of 118.05 dollars, while upcoming macroeconomic data and Q3 earnings on October 29 remain key focal points.