Why TSMC, Texas Instruments, and Qualcomm Stocks Popped
Good news just keeps on pouring in from the tech industry, and it's doing wonders for semiconductor stocks today.
Nvidia shares shot up 24.4% after the company gave strong guidance based on demand for semiconductor chips for artificial intelligence (AI) functions Wednesday evening. Marvell Technology is soaring 27% (as of 10:45 a.m. ET) on its earnings report. And the good news doesn't end there.
This morning, shares of Taiwan Semiconductor Manufacturing (NYSE: TSM) and Texas Instruments (NASDAQ: TXN) are up 3.2% apiece, while (NASDAQ: QCOM) is gaining 3.9% -- and none of those semiconductor companies even reported earnings!
Source Fool.com
Qualcomm Inc. Stock
€152.02
-9.050%
With 48 Buy predictions and 2 Sell predictions Qualcomm Inc. is one of the favorites of our community.
As a result the target price of 177 € shows a slightly positive potential of 16.43% compared to the current price of 152.02 € for Qualcomm Inc..
