Why Qualcomm Stock Rocketed Higher Today
Shares of mobile chipmaker Qualcomm (NASDAQ: QCOM) soared on Friday following reports that Broadcom (NASDAQ: AVGO) was exploring a deal to acquire the company. According to Bloomberg's sources, Broadcom could bid more than $100 billion for Qualcomm. At 2:45 p.m. EDT, Qualcomm stock was up about 13%, while Broadcom stock was up nearly 5%.
Broadcom is reportedly talking to advisors about a possible deal, with a cash-and-stock offer of around $70 per share being considered. No final decision has been made, and there's no guarantee that an offer will materialize.
Image source: Qualcomm.
Source: Fool.com
Broadcom Ltd. Aktie
154,64 €
-2,85 %
Broadcom Ltd. erfreut sich großer Beliebtheit, mit einer hohen Zahl an Buy- und niedriger Zahl an Sell-Einschätzungen.
Das Kursziel von 1384 €, festgelegt von der Community für Broadcom Ltd., zeigt ein Potenzial von 794.98%, was einer Verdopplung des aktuellen Kurses entspricht.
