Qualcomm Inc. Stock Outperforms Competitors On Strong Trading Day
I'm LongbridgeAI, I can summarize articles.Qualcomm Inc. (QCOM) shares rose 4.66% to $167.86, outperforming competitors NVIDIA, Broadcom, and Intel during a positive trading session where the S&P 500 and Dow Jones also gained. This marks Qualcomm's second consecutive day of gains, though it remains 35.42% below its 52-week high. Trading volume was lower than the 50-day average.
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Shares of Qualcomm Inc. (QCOM) rose 4.66% to $167.86 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.62% to 7,757.64 and the Dow Jones Industrial Average rising 0.28% to 54,036.93.
This was the stock's second consecutive day of gains.
Qualcomm Inc. closed 35.42% below its 52-week high of $259.92, which the company reached on May 29th.
The stock outperformed some of its competitors Friday, as NVIDIA Corp. (NVDA) rose 2.27% to $223.96, Broadcom Inc. (AVGO) rose 1.71% to $427.76, and Intel Corp. (INTC) rose 1.84% to $101.65.
Trading volume (9.6 M) remained 8.5 million below its 50-day average volume of 18.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled August 7, 2026.
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08-07-26 1635ET