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Nasdaq jumps 1.6% to record highs Friday as semiconductor rally and stronger-than-expected April payrolls overshadow ongoing Strait of Hormuz tensions.
QUALCOMM Inc (NASDAQ: QCOM) shares are flying Friday as traders continue to buy into its upbeat AI narrative and capital‑return strategy.
US stocks, including Monster Beverage Corp, rose on Friday. Monster Beverage reported better-than-expected financial results, causing a 12.8% jump in their shares.
U.S. economy added 115,000 jobs in April, nearly double the 62,000 forecast. Unemployment held at 4.3% as Fed rate-cut bets fade and stocks rally.
Rob Sechan of NewEdge Wealth chose Qualcomm as his final trade, citing their strong earnings report. Other experts recommended BUG, APO, and CRWD.
Trump is reportedly inviting tech and business leaders including CEOs of Boeing, NVIDIA, Apple, and others to accompany him on China trip.
Qualcomm Inc. shares are up Thursday afternoon, hitting a 52-week high earlier as traders leaned into its upbeat AI and capital-return story.
https://www.theinformation.com/articles/openais-ai-chip-deal-broadcom-hits-18-billion-financing-snag