Qualcomm Stock Jumps as AI-Equipped Smartphones Drive Better-Than-Expected Outlook

Key TakeawaysQualcomm shares jumped more than 4% in extended trading on Wednesday after the mobile phone chipmaker issued a better-than-expected current-quarter outlook amid growing demand for AI-equipped premium smartphones.The company reported a 40% jump in quarterly revenue from Chinese phone manufacturers.Monitor how the Qualcomm share price responds to two twin peaks that formed in March and April around $176. Qualcomm (QCOM) shares jumped more than 4% in extended Wednesday after the mobile phone chip ...