Qualcomm Stock Rises After Q4 Beat-and-Raise

Semiconductor firm Qualcomm Inc (NASDAQ:QCOM) reported fiscal fourth-quarter results after yesterday's close, with earnings per share and revenue both beating estimates. What's more, the company's December quarter guidance was higher than expected, and the company's board approved $15 billion in additional buybacks. At last glance, the chip stock was up 1.6% at $175.82, extending its year-over-year lead to 47.1%. On the charts, QCOM briefly broke above the $180 level and its 160-day moving average, but is b ...