Qualcomm Incorporated is trading at $225.20 (+3.8%) in pre-market action, driven by a positive analyst report and a broad rebound in the semiconductor sector.
- J.P. Morgan placed a 'positive catalyst watch' on the stock on June 8 ahead of its investor day, outlining a multi-billion dollar revenue opportunity in the data center market. [17]
- The analyst highlighted a three-pillar strategy including custom silicon, merchant CPUs, and AI accelerators, projecting data center revenues could exceed $3 billion by FY27. [17]
- The move is also supported by a broader tech rebound, with chip stocks recovering from a steep selloff late last week. [3, 4]