Qualcomm shares rise premarket as CFO cites “well-priced” stock
Qualcomm shares rose 2% in premarket trading Wednesday. CFO Akash Palkhiwala described the stock as “well-priced” after an Amazon data center agreement and outlined AI software meant to work across Nvidia, AMD and Qualcomm chips.
Shares of Qualcomm, Inc. (QCOM) rose 2% in premarket trading on Wednesday after CFO Akash Palkhiwala described the stock as “well-priced” following an Amazon data center agreement and said the company is developing AI software designed to work across Nvidia, AMD and its own chips. 09.