Breakout Alert: Qualcomm Just Hit The Rally Button

Qualcomm Inc. NASDAQ: QCOM, the California-based semiconductor heavyweight with a market cap of $192 billion, has had a decent year. It started with a bang and continued 2023’s rally all the way to a fresh all-time high in June before shares slid 35% into August.  Since then, they’ve been consolidating their gains and setting a strong foundation for the next leg of the rally. Last night’s earnings report should offer a fresh spark, and there are plenty of reasons to believe that this stock could be gearing ...