Qualcomm Could Prove to Be an Underrated AI Story

By Therese Poletti If the chip designer's aspirations pan out, it could become a serious rival to Intel and AMD Chip designer Qualcomm Inc. could be the sleeper stock of the AI hardware boom. On We

MarketWatch9minutes ago

Qualcomm Sales Rise on Automotive Demand, Smartphone Recovery

Qualcomm reported a slight rise in quarterly sales as the mobile-phone chip company grew its footprint in the automotive industry amid a budding recovery in smartphones.

WSJ20minutes ago

Top Gap Ups and Downs on Wednesday: JNJ, AMD, PFE and More

Gaps can show signals that something important has happened to the fundamental or the psychology of traders that accompanies this market movement.

moomoo News29minutes ago

Assassin's Creed Mirage Coming To iPhone 15 Pro, iPad In June

Ubisoft Technologies SA (OTC:UBSFF) revealed the release date for Assassin's Creed Mirage on iOS and iPadOS is June 6. This marked a significant milestone as it would be the first time an Assassin's C

Benzinga33minutes ago

Analysts Adjust Amazon Stock Price Target After Earnings

Yahoo Finance53minutes ago

The Federal Reserve saved US debt. The US stock index jumped intraday, and technology stocks crushed the market. Nvidia fell nearly 4%. After the results, it fell slightly by 14%, and AMD fell 9%

The monetary policy resolution announced by the Federal Reserve this Wednesday kept interest rates high and slowed the pace of quantitative austerity (QT) as expected by the market, cutting the downsizing of US Treasury bonds by more than half of what was expected. Although the resolution statement warned that there has been no progress in the recent decline in inflation, Federal Reserve Chairman Powell acted as the “savior” of US debt. Before the Federal Reserve's resolution day arrived, there was strong bearishness in the bond market. Market participants expected Powell to release his hawkish stance, reaffirm that he is not in a hurry to cut interest rates, and acknowledge the recent deterioration in inflation prospects. Meanwhile, at the press conference after this meeting, Powell made it clear that the next interest rate action is “impossible” to raise interest rates. According to the review,

wallstreetcn18:53 ET