QUALCOMM shares are trading higher in possible sympathy with onsemi, which gained following strong earnings.
Portfolio Pulse from Benzinga Newsdesk
QUALCOMM shares are trading higher, possibly in sympathy with onsemi, which saw a rise following strong earnings.
July 31, 2023 | 5:04 pm
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POSITIVE IMPACT
onsemi's strong earnings report has led to a rise in its stock price.
onsemi's strong earnings report has led to a rise in its stock price. This positive financial performance may have also influenced the stock prices of other companies in the same sector, such as QUALCOMM.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
QUALCOMM's stock is trading higher, potentially due to onsemi's strong earnings.
The rise in QUALCOMM's stock price may be due to the strong earnings reported by onsemi. Investors may be speculating that QUALCOMM could also report strong earnings, leading to an increase in its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100