Qualcomm Outperforms Broader Market Slump: Analysts Eye Data Center Growth Ahead of Q4
Qualcomm stock jumps over 2% as Wall Street analysts weigh rising data center custom chip revenues against near-term smartphone margin pressures.
Qualcomm's stock went up today while many other companies struggled, because experts think its data center business (special computer chips for big servers) will grow even though phone sales might be tougher soon. When you see a company doing well in one area despite problems elsewhere, that's worth noticing—it shows they're building new strengths.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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