Qualcomm Update: Stock Cools After Rally + What Else Matters to Investors

Court: S.D. California

Case: 3:17-cv-00121

Qualcomm QCOM shares pulled back slightly this week after surging more than 30% since April, thanks in part to its acquisition of Alphawave and growing interest in the data center market. Despite the breather, analysts note the stock’s uptrend remains intact with strong support around $152 and bullish technical indicators like RSI and MACD staying positive. Investors are now eyeing the next earnings report expected in late July.

More news for QCOM investors—check what you might be missing right now

At the same time, Qualcomm reached a settlement with QCOM investors over claims related to anticompetitive practices and weak financial reporting controls.

You can check more information about it and file for a payout here.