QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products. The QTL segment grants licenses or provides rights to use portions of its intellectual property portfolio, which include various patent rights useful in the manufacture and sale of wireless products comprising products implementing CDMA2000, WCDMA, LTE and/or OFDMA-based 5G standards and their derivatives. The QSI segment invests in early-stage companies in various industries, including 5G, artificial intelligence, automotive, consumer, enterprise, cloud, IoT, and extended reality, and investments, including non-marketable equity securities and, to a lesser extent, marketable equity securities, and convertible debt instruments. It also provides development, and other services and related products to the United States government agencies and their contractors. The company was incorporated in 1985 and is headquartered in San Diego, California.

QUALCOMM Incorporated

Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in UnitedHealth Group Inc (Symbol: UNH), where a total of 252,370 contracts have traded so far, representing approximately 25.2 million underlying shares. That amounts to about 322.7% of UNH's average daily trading volume over the past month of 7.8 million shares. Particularly high volume was seen for the $400 strike call option expiring October 31, 2025, with 13,660 contracts trading so far today, representing approximately 1.4 million underlying shares of UNH. Below is a chart showing UNH's trailing twelve month trading history, with the $400 strike highlighted in orange:
State Street Corp. (Symbol: STT) options are showing a volume of 40,552 contracts thus far today. That number of contracts represents approximately 4.1 million underlying shares, working out to a sizeable 189.1% of STT's average daily trading volume over the past month, of 2.1 million shares. Particularly high volume was seen for the $130 strike call option expiring January 16, 2026, with 20,145 contracts trading so far today, representing approximately 2.0 million underlying shares of STT. Below is a chart showing STT's trailing twelve month trading history, with the $130 strike highlighted in orange:
And Qualcomm Inc (Symbol: QCOM) saw options trading volume of 176,589 contracts, representing approximately 17.7 million underlying shares or approximately 157.9% of QCOM's average daily trading volume over the past month, of 11.2 million shares. Especially high volume was seen for the $200 strike call option expiring October 31, 2025, with 10,070 contracts trading so far today, representing approximately 1.0 million underlying shares of QCOM. Below is a chart showing QCOM's trailing twelve month trading history, with the $200 strike highlighted in orange:
For the various different available expirations for UNH options, STT options, or QCOM options, visit StockOptionsChannel.com.
Also see:
Top Ten Hedge Funds Holding ENDO
Top Ten Hedge Funds Holding IFMK
Institutional Holders of TACA
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Noteworthy Tuesday Option Activity: UNH, STT, QCOM

Qualcomm Incorporated QCOM recently announced the launch of AI200 and AI250 chip-based AI accelerator cards and racks. The leading-edge AI inference optimized solutions for data centers are powered by Qualcomm’s NPU (Neural Processing Unit) technology. Both AI 200 and AI 250 solutions incorporate confidential computing that secures AI workloads, and their direct cooling feature ensures thermal efficiency.
Qualcomm AI250 brings a near-memory computing architecture that delivers 10x effective memory bandwidth while optimizing power consumption. AI200 is a rack-level inference solution optimized for large language models, multimodal model inference and other AI workloads at a lower total cost of ownership.
The AI ecosystem is evolving rapidly. The focus is shifting from training big AI models with a large amount of data to AI inference workloads, that is, actually using the AI models in real time for various tasks. Per a report from Grand View Research, the global AI inference market, which is estimated at $97.24 billion in 2024, is projected to witness a compound annual growth rate of 17.5% from 2025 to 2030. Qualcomm is expanding its portfolio offering to capitalize on this emerging market trend.
Qualcomm’s solutions’ high memory capacity, affordability, exceptional scale and flexibility for AI inference make them ideal for modern AI data center requirements. The newly introduced solution is already gaining solid market traction. HUMAIN, a global artificial intelligence company, has selected Qualcomm’s AI200 and AI250 solutions to deliver high-performance AI inference services in Saudi Arabia and worldwide.
How Are Competitors Faring?
Qualcomm faces competition from NVIDIA Corporation NVDA, Intel Corporation INTC and Advanced Micro Devices AMD. NVIDIA offers a comprehensive portfolio for AI inference infrastructure. The NVIDIA Blackwell, H200, L40S and NVIDIA RTX offers remarkable speed and efficiency in AI inference across cloud, workstations and data centers.
Intel is also expanding its product suite for the AI inference vertical. It recently launched a cutting-edge GPU chip, Crescent Island, optimized for AI inference workloads. Intel's GPU systems have successfully achieved MLPerf v5.1 benchmark requirements, the newest release of an industry-standard AI benchmarking suite.
AMD Instinct MI350 Series GPU, featuring powerful and power-efficient cores, has set a new benchmark in generative AI and high-performance computing in data centers. With NVIDIA’s dominance and AMD’s strong momentum, Intel faces a steep uphill battle in the AI inference domain.
QCOM’s Price Performance, Valuation and Estimates
Qualcomm shares have gained 9.3% over the past year compared with the industry’s growth of 62%.
Image Source: Zacks Investment Research
Going by the price/earnings ratio, the company's shares currently trade at 15.73 forward earnings, lower than 37.93 for the industry.
Image Source: Zacks Investment Research
Earnings estimates for 2025 have remained unchanged over the past 60 days, while the same for 2026 have improved 0.25% to $11.91.
Image Source: Zacks Investment Research
Qualcomm stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Will QCOM's New AI Inference Solutions Boost Growth Prospects?

During the quarter, Qorvo, Inc. QRVO is set to report second-quarter fiscal 2026 results on Nov. 3, after the closing bell. In the last reported quarter, the company delivered an earnings surprise of 48.4%. It pulled off a trailing four-quarter earnings surprise of 31.2% on average.
The leading provider of radio frequency solutions is expected to have witnessed a revenue contraction year over year owing to weakness in multiple segments. However, a strong emphasis on innovation and portfolio expansion is a tailwind.
Factors at Play
Qorvo formed a collaboration with SIAE MICROELETTRONICA, a prominent provider of microwave radio and wireless network solutions. The company will integrate Qorvo’s high-performance Beamformer Integrated Circuit (BFIC) technology into its phased array platform to develop a compact, cutting-edge Ka-band antenna solution. The solution is optimized for platforms with limited space, featuring secure and satellite links with high throughput.
Qorvo’s capabilities in millimeter-wave and microwave IC technologies, combined with SIAE’s impressive system design, will foster the development of an advanced satellite communications (satcom) solution with applications in the defense, aerospace and NewSpace sectors.
Qorvo is also likely to benefit from the faster-than-expected transition from 4G LTE to 5G technology in emerging markets. The growing 5G advanced smartphones that feature additional transmit, receive and satellite bands align favorably with Qorvo’s portfolio and boast substantial growth opportunities. The transition from legacy mechanical systems to active electronics scanning systems is driving growth in the defense and aerospace business.
However, the company operates in a highly competitive market. The fierce competition is exerting pricing pressure, which remains a matter of concern for the company. Moreover, net sales are also adversely impacted by macroeconomic headwinds, including supply chain vulnerabilities, volatility in raw material prices, tariff wars and geopolitical tensions.
For the September quarter, the Zacks Consensus Estimate for total revenues is pegged at $1.02 billion, indicating a decline from $1.05 billion recorded a year ago. The consensus mark for earnings is pegged at $2.03 per share, indicating a rise from $1.88 per share in the year-ago quarter.
Earnings Whispers
Our proven model does not predict an earnings beat for Qorvo for the fiscal second quarter. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. This is not the case here.
Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is 0.00% with both pegged at $2.03 per share. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Qorvo carries a Zacks Rank #3.
Qorvo, Inc. Price and EPS Surprise
Stocks to Consider
Here are some companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this season:
Advanced Micro Devices, Inc. AMD is set to release quarterly numbers on Nov. 4. It has an Earnings ESP of +0.18% and carries a Zacks Rank #3.
The Earnings ESP for Fortinet, Inc. FTNT is +4.43% and it carries a Zacks Rank of 3. The company is scheduled to report quarterly numbers on Nov. 5.
The Earnings ESP for Qualcomm Incorporated QCOM is +1.43% and it carries a Zacks Rank of 3. The company is scheduled to report quarterly numbers on Nov. 5.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Will Lower Revenues Adversely Impact Qorvo's Q2 Earnings?

Qualcomm (QCOM) shares soared 11.1% in the last trading session to close at $187.68. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 0.2% loss over the past four weeks.
With the accelerated rollout of 5G technology, QCOM is benefiting from investments toward building a licensing program in mobile. The company is well-positioned to meet its long-term revenue targets driven by solid 5G traction, greater visibility and a diversified revenue stream. The company is increasingly focusing on the seamless transition from a wireless communications firm for the mobile industry to a connected processor company for the intelligent edge. This is likely to expand its total addressable market to approximately $900 billion by 2030.
Qualcomm is also witnessing healthy traction in EDGE networking that helps to transform connectivity in cars, business enterprises, homes, smart factories, next-generation PCs, wearables and tablets. The automotive telematics and connectivity platforms, digital cockpit and C-V2X solutions are also fueling emerging automotive industry trends such as the growth of connected vehicles, the transformation of the in-car experience and vehicle electrification.
This chipmaker is expected to post quarterly earnings of $2.87 per share in its upcoming report, which represents a year-over-year change of +6.7%. Revenues are expected to be $10.77 billion, up 5.2% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Qualcomm, the consensus EPS estimate for the quarter has been revised marginally lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on QCOM going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Qualcomm is a member of the Zacks Electronics - Semiconductors industry. One other stock in the same industry, Diodes (DIOD), finished the last trading session 0.7% lower at $56.63. DIOD has returned 7.4% over the past month.
Diodes' consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.38. Compared to the company's year-ago EPS, this represents a change of -11.6%. Diodes currently boasts a Zacks Rank of #3 (Hold).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Qualcomm (QCOM) Moves 11.1% Higher: Will This Strength Last?

U.S. stock markets closed at record highs on Friday following positive developments on U.S.-China trade negotiations. Moreover, soft inflation data boosted market participants’ expectations of another round of interest rate cuts by the Fed this week. All three major stock indexes ended in positive territory.
How Did the Benchmarks Perform?
The Dow Jones Industrial Average (DJI) advanced 0.7% or 337.47 points to close at 47,544.59, marking a new record close. Notably, 21 components of the 30-stock index ended in positive territory, while nine finished in negative territory. At the intraday high, the blue-chip index touched a record 47,564.52.
The tech-heavy Nasdaq Composite finished at 23,637.46, climbing 1.9% or 432.59 points driven by the strong performance of AI semiconductor bigwigs. This marked a fresh record close for the index. At the intraday high, the tech-laden index touched a record 23,658.66.
The major gainer of the index was QUALCOMM Inc. QCOM. The stock price of the semiconductor behemoth jumped 11.1% after unveiling a new AI chip for data centers. QUALCOMM currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The S&P 500 appreciated 1.2% to finish at 6,875.16.69, reflecting the first closing in its history above the crucial technical barrier of 6,800. At the intraday high, the broad-market index touched a record 6,877.28. The benchmark ended in green for the third consecutive day.
Out of the 11 broad sectors of the broad-market index, 10 ended in positive territory, while one was in negative territory. The Communication Services Select Sector SPDR (XLC), the Consumer Discretionary Select Sector SPDR (XLY) and the Technology Select Sector SPDR (XLK) rose 1.4%, 1.4% and 1.9%, respectively.
The fear gauge, the CBOE Volatility Index (VIX) fell 3.5% to 15.79. A total of 19.76 billion shares were traded on Monday, lower than the last 20-session average of 20.85 billion. Advancers outnumbered decliners on the NYSE by a 1.74-to-1 ratio. On Nasdaq, a 1.21-to-1 ratio favored advancing issues.
The S&P 500 recorded 37 new 52-week highs and three new 52-week lows. The Nasdaq Composite registered 132 new 52-week highs and 57 new 52-week lows.
Positive Development on U.S.-China Trade Deal
On Oct. 27, President Donald Trump said that he expects the United States and China to enter a trade deal following his meeting with Chinese premier Xi Jinping on Oct. 29 in South Korea. Trump said, “I have a lot of respect for President Xi, and we are going to come away with the deal.”
The trade conflicts between the United States and China escalated this month. On Oct. 9, China’s Ministry of Commerce issued a notification requiring all foreign companies to obtain a license to export products from China that contain more than 0.1% of rare earth minerals, whether sourced from China or manufactured using Chinese extraction, refining, magnet-making or recycling technology.
The new rule will be effective Dec. 1. China supplies around 70% of global rare earth minerals, critical components for today’s high-tech world. The United States is a major importer of rare earth minerals considered, extremely valuable and necessary inputs for the semiconductor, defense and automobile industries.
On Oct. 10, the U.S. government retaliated by imposing another 100% tariff on Chinese exports to the nation over and above what has already been imposed on these products. At present, Chinese goods are subject to an average 40% tariff in the United States. The new tariff of another 100% will be effective from Nov.1.
Rate Cut Expectations
After the release of benign CPI data for September, investors are expecting more cuts in the interest rate this year. The CME FedWatch interest rate derivative tool currently shows a 97.8% probability that the Fed will reduce the Fed fund rate by 25 basis points in October and a 92.8% probability that the central bank will further reduce the rate by another 0.25% in December.
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QUALCOMM Incorporated (QCOM) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stock Market News for Oct 28, 2025

The S&P 500 Index ($SPX) (SPY) on Monday rose by +1.22%, the Dow Jones Industrials Index ($DOWI) (DIA) rose by +0.69%, and the Nasdaq 100 Index ($IUXX) (QQQ) rose by +1.82%. December E-mini S&P futures (ESZ25) rose by +1.21%, and December E-mini Nasdaq futures (NQZ25) rose by +1.83%.
US stocks rallied sharply on Monday after US and Chinese negotiators, who met over the weekend in Malaysia, said they reached a tentative trade agreement to be finalized at Thursday's summit between Presidents Trump and Xi on the sidelines of the ASEAN conference in Malaysia. Treasury Secretary Bessent said the agreement means the US threat of a 100% tariff on US imports from China, set to start November 1, is "effectively off the table." Meanwhile, China agreed not to restrict the export of rare earth metals for at least one year and to buy a "substantial" amount of US soybeans. The two sides also made progress on shipping fees and US demands that China crack down on the export to the US of fentanyl and precursors. The two sides may also reach an agreement that would allow US consumers to continue to access TikTok.
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Treasury Secretary Bessent said Monday that the pool of candidates for the next Fed Chair has been narrowed to Christopher Waller, Kevin Warsh, Kevin Hassett, Michelle Bowman, and Rick Rieder. President Trump is expected to announce a decision on a new Fed Chair by year-end to replace current Fed Chair Powell, whose term as the Fed Chairman ends on May 15, 2026. Mr. Powell's separate term as a Fed Governor runs until January 2028, though he faces pressure from Mr. Trump to step down as a Fed Governor as well, so Mr. Trump can appoint a more dovish Fed governor.
This is a busy week, with the FOMC meeting on Tuesday and Wednesday, when it is expected to cut its federal funds rate target by -25 bp. Also, five of the Magnificent Seven companies report earnings this week, with Alphabet, Meta, and Microsoft reporting on Wednesday, and Apple and Amazon.com reporting on Thursday.
There was some carry-over support from last Friday's Sep US CPI report of +3.0% y/y for both the nominal and core figures, which was slightly weaker than expectations of +3.1% y/y for both figures.
Trade relations with Canada were a negative factor for stocks on Monday after President Trump said on Saturday that he would impose a new 10% tariff on US imports from Canada as punishment for last week's anti-tariff advertisement released by the provincial government of Ontario. Mr. Trump initially said that he was only halting US trade negotiations with Canada due to the ad, but he escalated the punishment over the weekend by imposing a new 10% tariff, even though Ontario had agreed to pause the ad campaign.
Ontario's ad featured former US President Reagan speaking out in a 1987 address in favor of free trade and against tariffs, calling tariffs an outdated idea that stifles innovation, drives up prices, and hurts US workers. Mr. Trump claimed the ad was deceptive and said it was designed to influence the US Supreme Court ahead of oral arguments on November 5 on the legality of Mr. Trump's reciprocal tariffs. Lower courts have already deemed Mr. Trump's reciprocal tariffs illegal, ruling the tariffs are based on a specious claim of emergency authority. If the US Supreme Court upholds those rulings, the US government will have to refund the tariffs already collected, and Mr. Trump's power to impose tariffs will be limited to well-founded sections of US trade law.
The US government shutdown continues into its fifth week, weighing on market sentiment and the US economy. The government shutdown is delaying the release of government reports, including all the recent weekly unemployment claims reports, the September unemployment and payroll report, Aug trade balance, Sep retail sales, Sep PPI, Sep housing starts, Sep industrial production, Sep leading indicators, and others. Bloomberg Economics estimates that 640,000 federal workers will be furloughed during the shutdown, which would expand jobless claims and push the unemployment rate up to 4.7%.
The markets are focused on earnings results as the Q3 earnings season continues. According to Bloomberg Intelligence, 84% of the S&P 500 companies that have reported so far have beaten forecasts, on course for the best quarter since 2021. However, Q3 profits are expected to have risen by +7.2% y/y, the smallest increase in two years. Also, Q3 sales growth is projected to slow to +5.9% y/y from +6.4% in Q2.
Overseas stock markets on Monday closed higher. The Euro Stoxx 50 closed up +0.64%. China's Shanghai Composite closed up +1.18%. Japan's Nikkei Stock 225 closed up +2.46%.
Interest Rates
December 10-year T-notes (ZNZ5) on Monday rose slightly by +0.5 tick. The 10-year T-note yield fell -1.2 bp to 3.989%. T-note prices initially fell on Monday due to the US-Chinese trade agreement, which reduced safe-haven demand for Treasury securities and was positive for the US and Chinese economies. T-note prices were also pressured by the rally in US stocks.
However, T-note prices recovered later in the day as the 10-year inflation expectations rate fell by -1.1 bp to 2.288%. T-notes have support from the ongoing US government shutdown, which could lead to additional job losses, reduced consumer spending, and a weakened US economy, potentially allowing the Fed to continue cutting interest rates.
The markets are discounting a 98% chance of a -25 bp rate cut at this week's FOMC meeting on Tuesday and Wednesday (Oct 28-29).
European government bond yields closed lower. The 10-year German bund yield fell -1.0 bp to 2.616%. The 10-year UK gilt yield fell 3.0 bp at 4.402%.
Swaps are discounting a 1% chance for a -25 bp rate cut by the ECB at its next policy meeting on October 30.
US Stock Movers
The Magnificent Seven stocks all closed higher on Monday, led by a +4.3% gain in Tesla (TSLA), a +3.6% gain in Alphabet (GOOG), and gains of more than +2% in Nvidia (NVDA) and Apple (AAPL).
Chip stocks traded higher across the board Monday, led by a +11% gain in Qualcomm (QCOM) on news of a new AI chip and computer line to compete with Nvidia. Marvell Technology (MRVL) rose more than +5%, and Arm Holdings (ARM) rose more than +4%. ON Semiconductors (ON), Lam Research (LRCX), and Intel (INTC) all rose by more than +3%.
Crypto stocks traded higher, with support from Monday's gains of more than +3% in Bitcoin (^BTCUSD) and +5% in Ethereum (^ETHUSD). Riot Platforms (RIOT) rallied more than +7%, Strategy (MSTR) rallied +2.3%, and Coinbase (COIN) rallied +2.0%.
Avidity Biosciences (RNA) rallied +42% after news that Swiss-based Novartis plans to buy the company in a deal worth $12 billion. Novartis ADR shares (NVS) fell -0.9%.
Ohio-based Huntington Bancshares (HBAN) agreed to buy Cadence Bank (CADE) for $7.4 billion in an all-stock deal to expand into the Southeast and South. Huntington fell -1.8%, while Cadence rallied +4.4%.
American Water Works (AWK) fell -2.5%, and Essential Utilities (WTRG) fell -1.4%, after news that the two companies finalized AWK's purchase of Essential Utilities for $12 billion in an all-stock deal.
Keurig Dr Pepper (KDP) rallied more than +7% after raising its full-year net sales guidance.
Lululemon Athletica (LULU) rallied about +2% on news of an agreement with the National Football League and sports merchandiser Fanatics Inc to develop a line of fan apparel.
Robinhood Markets (HOOD) rose more than +4% after CICC gave the brokerage a new rating of outperform.
Newmont (NEM) fell more than -5% as the company seeks to gain control of Barrick's gold mines in Nevada.
Boeing (BA) rose +0.8% even though factory workers in St Louis narrowly rejected a new 5-year contract that would have ended a 3-month strike that has disrupted the company's main military manufacturing operations.
Earnings Reports(10/28/2025)
DR Horton Inc (DHI), PayPal Holdings Inc (PYPL), UnitedHealth Group Inc (UNH), Wayfair Inc (W), Labcorp Holdings Inc (LH), Corning Inc (GLW), Armstrong World Industries Inc (AWI), Sysco Corp (SYY), Royal Caribbean Cruises Ltd (RCL), VF Corp (VFC), Carrier Global Corp (CARR), A O Smith Corp (AOS), United Parcel Service Inc (UPS), Hubbell Inc (HUBB), Sherwin-Williams Co/The (SHW), Ecolab Inc (ECL), Zebra Technologies Corp (ZBRA), IQVIA Holdings Inc (IQV), MSCI Inc (MSCI), Smithfield Foods Inc (SFD), Tenet Healthcare Corp (THC), Applied Industrial Technologie (AIT), Axalta Coating Systems Ltd (AXTA), Repligen Corp (RGEN), Xylem Inc/NY (XYL), Invesco Ltd (IVZ), SoFi Technologies Inc (SOFI), Regeneron Pharmaceuticals Inc (REGN), American Tower Corp (AMT), Incyte Corp (INCY), ATI Inc (ATI), NextEra Energy Inc (NEE), Neurocrine Biosciences Inc (NBIX), Booking Holdings Inc (BKNG), Mondelez International Inc (MDLZ), Sensata Technologies Holding P (ST), WP Carey Inc (WPC), Enphase Energy Inc (ENPH), Aurora Innovation Inc (AUR), Landstar System Inc (LSTR), Equity Residential (EQR), ONEOK Inc (OKE), Flowserve Corp (FLS), Caesars Entertainment Inc (CZR), Edison International (EIX), CoStar Group Inc (CSGP), Frontier Communications Parent (FYBR), MSA Safety Inc (MSA), Chemed Corp (CHE), Range Resources Corp (RRC), BXP Inc (BXP), PPG Industries Inc (PPG), RenaissanceRe Holdings Ltd (RNR), Regency Centers Corp (REG), ExlService Holdings Inc (EXLS), Veralto Corp (VLTO), Visa Inc (V), Expand Energy Corp (EXE), Seagate Technology Holdings PL (STX), Element Solutions Inc (ESI), Highwoods Properties Inc (HIW), Electronic Arts Inc (EA), Teradyne Inc (TER).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Rally on US-China Preliminary Trade Agreement

Key Points
Qualcomm is entering the artificial intelligence (AI) chip race.
Competition is heating up with established AI chip leaders Nvidia and AMD.
Shares of Qualcomm (NASDAQ: QCOM) popped on Monday after the tech giant said it was entering the booming artificial intelligence (AI) chip market.
As of 3:15 p.m., Qualcomm's stock price was up more than 12%, after rising as much as 22% earlier in the day.
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Qualcomm's new AI chips
The semiconductor maker debuted its AI200 and AI250 chips, designed to accelerate AI workloads while reducing costs. Qualcomm's chips are optimized for inference, which is when a trained AI model is used to make predictions from new data. In turn, they are geared toward making generative AI applications more affordable for more businesses.
"These innovative new AI infrastructure solutions empower customers to deploy generative AI at unprecedented TCO [total cost of ownership], while maintaining the flexibility and security modern data centers demand," Qualcomm executive Durga Malladi said in a press release.
Qualcomm's chips use its Hexagon neural processing unit (NPU) technology, which improves the efficiency of computing tasks and reduces power consumption.
The AI200 is due out in 2026. The AI250, which promises improvements in memory bandwidth of up to 10 times current-generation AI accelerators, is expected to launch in 2027.
Qualcomm is entering a massive market
Cloud platform providers are planning to spend over $500 billion to upgrade their AI infrastructure in 2026 alone, according to TrendForce. Much of these investments will be allocated to AI chips, such as those designed by Nvidia and Advanced Micro Devices.
Qualcomm wants in on this AI action. The chipmaker is thus making moves to expand beyond its core mobile device market and penetrate the rapidly expanding data center industry.
These moves will put Qualcomm in more direct competition with Nvidia and AMD -- two fierce rivals that are not to be taken lightly.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Why Qualcomm Stock Jumped Today

Looking at the sectors faring best as of midday Monday, shares of Technology & Communications companies are outperforming other sectors, higher by 1.1%. Within the sector, Qualcomm Inc (Symbol: QCOM) and Robinhood Markets Inc (Symbol: HOOD) are two large stocks leading the way, showing a gain of 12.5% and 4.9%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is up 1.6% on the day, and up 28.77% year-to-date. Qualcomm Inc, meanwhile, is up 25.39% year-to-date, and Robinhood Markets Inc is up 293.50% year-to-date. QCOM makes up approximately 1.6% of the underlying holdings of XLK.
The next best performing sector is the Services sector, up 0.7%. Among large Services stocks, Alphabet Inc (Symbol: GOOGL) and Alphabet Inc (Symbol: GOOG) are the most notable, showing a gain of 3.2% and 3.2%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF (IYC), which is up 1.0% in midday trading, and up 9.31% on a year-to-date basis. Alphabet Inc, meanwhile, is up 42.02% year-to-date, and Alphabet Inc is up 41.49% year-to-date.
Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:
Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Monday. As you can see, five sectors are up on the day, while three sectors are down.
Technology & Communications
+1.1%
Also see:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Monday Sector Leaders: Technology & Communications, Services

InterDigital, Inc. IDCC is set to release third-quarter 2025 results on Oct. 30, before the opening bell. In the last reported quarter, adjusted earnings were $6.52 per share.
The Wilmington-based advanced mobile technologies provider is expected to witness revenue expansion year over year, backed by solid demand in the smartphone market. The company currently has 85% of the entire global smartphone market under its license.
Factors at Play
InterDigital is focused on pursuing agreements with unlicensed customers in the handset and consumer electronics markets. The company aims to become a leading designer and developer of technology solutions and innovation for the mobile industry, IoT and allied technology areas by leveraging its research and development (R&D) capabilities.
During the quarter, the company inked a new patent license agreement with Samsung Electronics. The company has also inked a licensing agreement with a leading Chinese smartphone vendor. The company already has major players such as Samsung, Apple, Xiaomi, Oppo and Vivo under its license. With the new customer addition, IDCC now has 8 out of 10 major smartphone players under its license.
With a comprehensive portfolio of more than 33,000 granted patents and applications, the company is also gaining traction in the consumer electronics and IoT markets. Focus AI applications for wireless and video technology and strategic collaboration with major academic institutions worldwide to expedite 6G research are positive factors.
Overall Expectations
Our estimate for total recurring revenues is pegged at $139.3 million, implying 8.1% year-over-year growth.
For the September quarter, the Zacks Consensus Estimate for revenues is pegged at $145 million, indicating a growth $129 million reported in the prior-year quarter. The consensus estimate for adjusted earnings per share stands at $1.79, suggesting a growth from the prior-year quarter’s reported figure of $1.63.
Earnings Whispers
Our proven model does not conclusively predict an earnings beat for InterDigital this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here.
Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is 0.00%, with both pegged at $2.05 per share. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
InterDigital, Inc. Price and EPS Surprise
Zacks Rank: InterDigital sports a Zacks Rank #1.
Stocks to Consider
Here are some other companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this season:
Workday, Inc. WDAY is scheduled to report quarterly numbers on Nov 25. The Earnings ESP for the company is +.4.27% and it carries a Zacks Rank of 2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Earnings ESP for Qualcomm Technologies, Inc. QCOM is +1.43% and it carries a Zacks Rank of 3 at present. The company is scheduled to report its quarterly numbers on Nov. 5.
Flex Ltd. (FLEX) is scheduled to report quarterly numbers on Oct. 29. The Earnings ESP for the company is +0.33% and it carries a Zacks Rank of 3 at present.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

IDCC Set to Report Q3 Results: Will Revenue Growth Boost Earnings?

The S&P 500 Index ($SPX) (SPY) is up +0.84%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.41%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.49%. December E-mini S&P futures (ESZ25) are up +0.87%, and December E-mini Nasdaq futures (NQZ25) are up +1.51%.
US stocks rallied today after US and Chinese negotiators, who met over the weekend in Malaysia, said they reached a tentative trade agreement to be finalized at Thursday's summit between Presidents Trump and Xi on the sidelines of the Asia-Pacific Economic Cooperation conference in South Korea. Treasury Secretary Bessent said the agreement means the US threat of a 100% tariff on US imports from China, set to start November 1, is "effectively off the table." Meanwhile, China agreed not to restrict the export of rare earth metals for at least one year and to buy a "substantial" amount of US soybeans. The two sides also made progress on shipping fees and US demands that China crack down on the export to the US of fentanyl and precursors. The two sides may also reach an agreement that would allow US consumers to continue to access TikTok.
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Treasury Secretary Bessent said today that the pool of candidates for the next Fed Chair has been narrowed to Christopher Waller, Kevin Warsh, Kevin Hassett, Michelle Bowman, and Rick Rieder. President Trump is expected to announce a decision on a new Fed Chair by year-end to replace current Fed Chair Powell, whose term as the Fed Chairman ends on May 15, 2026. Mr. Powell's separate term as a Fed Governor runs until January 2028, though he faces pressure from Mr. Trump to step down as a Fed Governor as well, so Mr. Trump can appoint a more dovish Fed governor.
This is a busy week, with the FOMC meeting on Tuesday and Wednesday, when it is expected to cut its federal funds rate target by -25 bp. Also, five of the Magnificent Seven companies report earnings this week, with Alphabet, Meta, and Microsoft reporting on Wednesday, and Apple and Amazon.com reporting on Thursday.
There is some carry-over support from last Friday's Sep US CPI report of +3.0% y/y for both the nominal and core figures, which was slightly weaker than expectations for both of +3.1% y/y.
Trade relations with Canada are a negative factor for stocks after President Trump on Saturday said he will impose a new 10% tariff on US imports from Canada as punishment for last week's anti-tariff advertisement released by the provincial government of Ontario. Mr. Trump initially said that he was only halting US trade negotiations with Canada due to the ad, but he escalated the punishment over the weekend by imposing a new 10% tariff, even though Ontario had agreed to pause the ad campaign.
Ontario's ad featured former US President Reagan speaking out in a 1987 address in favor of free trade and against tariffs, calling tariffs an outdated idea that stifles innovation, drives up prices, and hurts US workers. Mr. Trump claimed the ad was deceptive and said it was designed to influence the US Supreme Court ahead of oral arguments on November 5 on the legality of Mr. Trump's reciprocal tariffs. Lower courts have already deemed Mr. Trump's reciprocal tariffs illegal, ruling the tariffs are based on a specious claim of emergency authority. If the US Supreme Court upholds those rulings, the US government will have to refund the tariffs already collected, and Mr. Trump's power to impose tariffs will be limited to well-founded sections of US trade law.
The US government shutdown continues into its fifth week, weighing on market sentiment and the US economy. The government shutdown is delaying the release of government reports, including all the recent weekly unemployment claims reports, the September unemployment and payroll report, Aug trade balance, Sep retail sales, Sep PPI, Sep housing starts, Sep industrial production, Sep leading indicators, and others. Bloomberg Economics estimates that 640,000 federal workers will be furloughed during the shutdown, which would expand jobless claims and push the unemployment rate up to 4.7%.
The markets are focused on earnings results as the Q3 earnings season continues. According to Bloomberg Intelligence, 84% of the S&P 500 companies that have reported so far have beaten forecasts, on course for the best quarter since 2021. However, Q3 profits are expected to have risen by +7.2% y/y, the smallest increase in two years. Also, Q3 sales growth is projected to slow to +5.9% y/y from +6.4% in Q2.
Overseas stock markets today are higher. The Euro Stoxx 50 is up +0.62%. China's Shanghai Composite closed up +1.18%. Japan's Nikkei Stock 225 closed up +2.46%.
Interest Rates
December 10-year T-notes (ZNZ5) are down -7 ticks. The 10-year T-note yield is up +2.3 bp at 4.024%. T-note prices are trading lower due to the US-Chinese trade agreement, which reduced safe-haven demand for Treasury securities and is positive for the US and Chinese economies. T-note prices are also being pressured by the rally in US stocks and today's +0.7 bp rise in the 10-year breakeven inflation expectations rate.
T-notes have support from the ongoing US government shutdown, which could lead to additional job losses, reduced consumer spending, and a weakened US economy, potentially allowing the Fed to continue cutting interest rates.
The markets are discounting a 99% chance of a -25 bp rate cut at this week's FOMC meeting on Tuesday and Wednesday (Oct 28-29).
European government bond yields are mixed. The 10-year German bund yield is up +0.3 bp at 2.629%. The 10-year UK gilt yield is down -2.0 bp at 4.412%.
Swaps are discounting a 1% chance for a -25 bp rate cut by the ECB at its next policy meeting on October 30.
US Stock Movers
The Magnificent Seven stocks are all trading higher today, led by a gain of more than +4% in Tesla (TSLA), and gains of more than +2% in Alphabet (GOOG) and Nvidia (NVDA).
Chip stocks are trading higher across the board today, led by a +12.6% gain in Qualcomm (QCOM) on news of a new AI chip and computer line to compete with Nvidia. Marvell Technology (MRVL) is up more than +5%. Arm Holdings (ARM), ON Semiconductors (ON), and Lam Research (LRCX) are up more than +4%.
Crypto stocks are trading higher today, with support from today's gains of more than +3% in Bitcoin (^BTCUSD) and +5% in Ethereum (^ETHUSD). Riot Platforms (RIOT) is up more than +4% and Coinbase (COIN) is up more than +2%.
Avidity Biosciences (RNA) is up +42% after news that Swiss-based Novartis plans to buy the company in a deal worth $12 billion. Novartis ADR shares (NVS) are down -1%.
Ohio-based Huntington Bancshares (HBAN) agreed to buy Cadence Bank (CADE) for $7.4 billion in an all-stock deal to expand into the Southeast and South. Huntington is down more than -2% while Cadence is up more than +4%.
American Water Works (AWK) is down -3% and Essential Utilities (WTRG) is down -0.9% after news that the two companies have finalized AWK's purchase of Essential Utilities for $12 billion in an all-stock deal.
Keurig Dr Pepper (KDP) is up more than +7% after raising its full-year net sales guidance.
Lululemon Athletica (LULU) is up more than +3% on news of an agreement with the National Football League and sports merchandiser Fanatics Inc to develop a line of fan apparel.
Robinhood Markets (HOOD) is up more than 4% after CICC gave the brokerage a new rating of outperform.
Newmont (NEM) is down more than -6% as the company seeks to gain control of Barrick's gold mines in Nevada.
Boeing (BA) is trading slightly higher even though factory workers in St Louis narrowly rejected a new 5-year contract that would have ended a 3-month strike that has disrupted the company's main military manufacturing operations.
Earnings Reports(10/27/2025)
Keurig Dr Pepper Inc (KDP), Revvity Inc (RVTY), Arch Capital Group Ltd (ACGL), Whirlpool Corp (WHR), Simpson Manufacturing Co Inc (SSD), Alexandria Real Estate Equities (ARE), Brixmor Property Group Inc (BRX), Nucor Corp (NUE), NOV Inc (NOV), Hartford Insurance Group Inc/T (HIG), Brown & Brown Inc (BRO), Cincinnati Financial Corp (CINF), Crane Co (CR), F5 Inc (FFIV), Universal Health Services Inc (UHS), Amkor Technology Inc (AMKR), FTAI Aviation Ltd (FTAI), Principal Financial Group Inc (PFG), Kilroy Realty Corp (KRC), Welltower Inc (WELL), Avis Budget Group Inc (CAR), Cadence Design Systems Inc (CDNS), Confluent Inc (CFLT), Olin Corp (OLN), Waste Management Inc (WM), BioMarin Pharmaceutical Inc (BMRN), NXP Semiconductors NV (NXPI).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Indicator	TTM Median
P/E	15.23 28.98
Price/Sales	3.97 2.58
P/B	5.92 2.76
P/FCF	14.29 24.31

Indicator	TTM Median
ROE	41.84 15.33
ROA	20.18 6.66
ROI	27.87 9.73
Net Worth	171.28 0.98
Quick Ratio	2.08 1.53
Current Ratio	2.73 1.84

Indicator	TTM Median
Net Profit Margin	26.11 9.71
Operating Margin	27.14 11.07
Gross Margin	55.68 50.00
Return on tangible equity	77.24 27.59

Indicator	TTM Median
EPS	2.35 0.24
EPS Forecast	2.29 0.19
Revenue	10.98B 73.00M
Gross Profit	6.04B —
EBITDA	3.52B —

QUALCOMM Incorporated

TTM metrics for the latest quarter under IFRS and their historical dynamics

Valuation

Debts

Efficiency

Other ratios

Revenue