"Assessing Qualcomm's (QCOM) Potential for Continued Growth After 4.6% Surge"
Originally Published 2 years ago — by Yahoo Finance
Qualcomm's shares surged 4.6% following the unveiling of its Snapdragon XR2+ Gen2 chip platform designed for mixed reality and virtual reality applications, boasting advanced features such as ultra-fast video see-through latency and support for 12 or more concurrent cameras. The company is expected to report quarterly earnings of $2.38 per share with revenues of $9.51 billion, and its stock currently carries a Zacks Rank #3 (Hold). The consensus EPS estimate for the quarter has been revised 1% higher over the last 30 days, indicating potential for further strength in the stock.