Qualcomm shares soar 16% on CEO comments about China orders, hyperscaler customer

Qualcomm shares soar 16% on CEO comments about China orders, hyperscaler customer

Summary

Qualcomm CEO Cristiano Amon said that it would begin shipping data center chips to "a large hyperscaler" ahead of schedule, and called a bottom in China sales.

Description

Qualcomm CEO Cristiano Amon said that it would begin shipping data center chips to "a large hyperscaler" ahead of schedule, and called a bottom in China sales.

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