64 stories mentioning QCOM
Every FINWIRES story that references QCOM, newest first.
Cristiano R Amon, Director, President & CEO, on May 05, 2026, sold 10,000 shares in Qualcomm (QCOM) for $1,850,000. Following the Form 4 filing with the SEC, Amon has control over a total of 197,568 common shares of the company, with 197,568 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/804328/000080432826000065/xslF345X05/edgardoc.xml
Heather S Ace, Executive Vice President, Chief Human Resources Officer, on May 04, 2026, sold 3,200 shares in Qualcomm (QCOM) for $569,024. Following the Form 4 filing with the SEC, Ace has control over a total of 39,735 common shares of the company, with 39,735 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/804328/000080432826000063/xslF345X05/edgardoc.xml
QUALCOMM (QCOM) has an average rating of Hold and mean price target of $170, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $171.14, Change: $-5.90, Percent Change: -3.33%
US equity indexes rose in a broad-based rally as the impact of artificial intelligence showed in corporate earnings, and a preliminary Q1 economic growth estimate helped investors put ongoing geopolitical tensions on the back burner.The Dow Jones Industrial Average surged 1.6% to 49,652.14, with the S&P 500 up 1% to 7,209.01 and the Nasdaq Composite higher by 0.9% to 24,892.31 on Thursday. Communication services, industrials, and utilities led the gainers, while technology emerged as the sole decliner.Alphabet (GOOG, GOOGL) shares jumped 10%, among the leaders on the Nasdaq, after the company late Wednesday reported Q1 earnings and revenue above market expectations. Qualcomm's (QCOM) shares soared 15%, among the top performers on the S&P 500 and the Nasdaq, after the firm posted better-than-expected fiscal Q2 adjusted earnings and sales. Caterpillar (CAT) raised its full-year sales growth outlook as Q1 results exceeded consensus. Its shares soared 9.9%, the Dow's leader.Meta Platforms' (META) shares sank 8.6%, among the worst performers on the S&P 500 and the Nasdaq, after the company overnight raised its forecast for 2026 capital expenditures, overshadowing its Q1 earnings and revenue beat.Microsoft (MSFT) said Wednesday that it expects capital expenditures of $190 billion for the 2026 calendar year, including roughly $25 billion from higher component pricing. Shares were down 3.9%, among the steepest decliners on the Nasdaq and the Dow.In economic news, gross domestic product rose by 2.0% annualized in Q1 following a 0.5% gain in Q4, according to an advance estimate of economic growth, slower than the 2.3% increase expected in a survey compiled by Bloomberg.Non-residential investment was "very strong overall, driven by investment in information processing equipment, software, and R&D, overwhelming declines in both residential and non-residential structures," Thomas Simons, Jefferies Chief US Economist, said in a note. "The impact of AI infrastructure investment is clearly evident in the data, driving growth beyond the strength of the consumer."The personal consumption expenditures price index increased by 0.7% in March, as expected, lifting the year-over-year rate to 3.5% from 2.8%. The price index increased by 0.4% month-over-month in February. The core PCE price index increased by 0.3%, as forecast, following a 0.4% gain in February. The year-over-year rate accelerated to 3.2%, in line with expectations, from 3.0% in the previous month.Initial jobless claims fell to 189,000 in the week ended April 25 from an upwardly revised 215,000 in the previous week, compared with expectations for an increase to 212,000 in a survey of analysts compiled by Bloomberg. The four-week moving average declined by 3,500 to 207,500.In geopolitics, US President Donald Trump will hear about updated military options for Iran from Pentagon officials on Thursday, as a possible way of forcing Tehran into an agreement, CNN reported. Trump's current strategy is to inflict economic pain on Iran.Iran's new supreme leader gave a rare statement Thursday, vowing not to give up the country's nuclear or missile technologies and signaling Tehran would keep control of the Strait of Hormuz, Bloomberg reported. Iran will "guard" its "advanced technologies" like it does its own borders, Mojtaba Khamenei was cited as saying in a written statement. It will "secure the Persian Gulf region and dismantle the hostile enemy's exploitation of this waterway," he added, referring to the strait.Nevertheless, West Texas Intermediate crude oil futures fell 1.4% to $105.41, and Brent crude futures dropped 3.4% to $114.01.Most US Treasury yields declined, with the 10-year down 3.8 basis points to 4.38%, and the two-year slumped 5.9 basis points to 3.87%.In precious metals, gold futures climbed 1.5% to $4,629.3, and silver futures jumped 3.1% to $73.81.
US equity indexes closed higher on Thursday in a broad-based rally led by technology, communication services, and industrials despite ongoing geopolitical tensions.* US President Donald Trump will hear about updated military options for Iran from Pentagon officials on Thursday, as a possible way of forcing Tehran into an agreement, CNN reported.* Iran's new supreme leader gave a statement Thursday, vowing not to give up the country's nuclear or missile technologies and signaling Tehran would keep control of the Strait of Hormuz, Bloomberg reported.* The US core personal consumption expenditures price index, the Federal Reserve's preferred inflation gauge, rose to 3.2% year-on-year in March from 3%, meeting expectations.* June West Texas Intermediate crude oil fell $1.82 to settle at $105.06 per barrel, while June Brent crude, the global benchmark, was last seen down $3.94 at $114.09.* Qualcomm's (QCOM) shares were up roughly 14%, the biggest gainer on the S&P 500 and the Nasdaq, after the company posted better-than-expected fiscal Q2 adjusted earnings and revenue late Wednesday.* Meta Platforms (META) was down nearly 8% after the company overnight raised its forecast for 2026 capital expenditures, despite a Q1 earnings and revenue beat.
Tech stocks rose late Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) gaining 0.3% and the State Street SPDR S&P Semiconductor ETF (XSD) advancing 4.5%.The Philadelphia Semiconductor index climbed 2%.In sector news, Anthropic is considering a new funding round that could value the company at more than $900 billion, potentially surpassing OpenAI as the world's most valuable AI startup, Bloomberg reported.In corporate news, Qualcomm's (QCOM) shares jumped 15% in Thursday trading, a day after the company posted better-than-expected fiscal Q2 adjusted earnings and revenue.Meta Platforms (META) fell past 7% after the company overnight raised its forecast for 2026 capital expenditures, overshadowing its Q1 earnings and revenue beat.Alphabet's (GOOGL) shares climbed 9% after the company overnight reported higher Q1 earnings and revenue that topped market expectations.Microsoft (MSFT) said Wednesday that it expects capital expenditures of $190 billion for the 2026 calendar year, including roughly $25 billion from higher component pricing. Its shares fell 3.8%.
US equity indexes surged in a broad-based rally led by communication services and industrials ahead of the close on Thursday, whistling past a worsening geopolitical environment.The Dow Jones Industrial Average jumped 1.8% to 49,733.1, with the S&P 500 up 1.1% to 7,216.5 and the Nasdaq Composite higher by 1% to 24,923.8. Technology was the sole decliner, but was off session lows in the final leg of trading.Alphabet's (GOOG, GOOGL) shares jumped 7%, among the leaders on the Nasdaq, after the company overnight reported higher Q1 earnings and revenue that topped market expectations. Qualcomm's (QCOM) shares soared 14%, the top performer on the S&P 500 and the Nasdaq, after the company posted better-than-expected fiscal Q2 adjusted earnings and revenue late Wednesday. Caterpillar (CAT) raised its full-year sales growth outlook as Q1 results exceeded market expectations. Its shares soared 8.7%, the Dow's leader.US President Donald Trump will hear about updated military options for Iran from Pentagon officials on Thursday, as a possible way of forcing Tehran into an agreement, CNN reported. Trump's current strategy is to inflict economic pain on Iran.Iran's new supreme leader gave a rare statement Thursday, vowing not to give up the country's nuclear or missile technologies and signaling Tehran would keep control of the Strait of Hormuz, Bloomberg reported. Iran will "guard" its "advanced technologies" like it does its own borders, Mojtaba Khamenei was cited as saying in a written statement. It will "secure the Persian Gulf region and dismantle the hostile enemy's exploitation of this waterway," he added, referring to the strait.Nevertheless, West Texas Intermediate crude oil futures fell 1.6% to $105.22, and Brent crude futures dropped 3.4% to $114.01.In economic news, the US core personal consumption expenditures price index, the Federal Reserve's preferred inflation gauge, rose to 3.2% year-on-year in March from 3%, meeting expectations. Core PCE climbed 0.3% month-over-month, as expected, but down from the 0.4% reported in February.Most US Treasury yields dropped, with the 10-year down 3.2 basis points to 4.38%, and the two-year slumped 5.3 basis points to 3.88%.
Tech stocks rose late Thursday afternoon with the State Street Technology Select Sector SPDR ETF (XLK) gaining 0.2% and the State Street SPDR S&P Semiconductor ETF (XSD) advancing 4.1%.The Philadelphia Semiconductor index climbed 2%.In corporate news, Qualcomm's (QCOM) shares jumped 15% a day after the company posted better-than-expected fiscal Q2 adjusted earnings and revenue.
US equity indexes rose after midday Thursday as investors weighed mega-cap corporate earnings and a warning from Iran's new supreme leader that Tehran won't give up its nuclear stockpile.The Dow Jones Industrial Average jumped 1.4% to 49,552.2, with the S&P 500 up 0.5% to 7,170.3. The Nasdaq Composite rose 0.1% to 24,700.5. All sectors except technology and consumer discretionary rose. Communication services, industrials, and health care led the gainers.Alphabet's (GOOG, GOOGL) shares jumped 7%, among the leaders on the Nasdaq, after the company overnight reported higher Q1 earnings and revenue that topped market expectations. Qualcomm's (QCOM) shares soared 14%, the top performer on the S&P 500 and the Nasdaq, after the company posted better-than-expected fiscal Q2 adjusted earnings and revenue late Wednesday. Caterpillar (CAT) raised its full-year sales growth outlook as Q1 results exceeded market expectations. Its shares soared 8.7%, the Dow's leader.Meta Platforms' (META) shares sank 9%, among the worst performers on the S&P 500 and the Nasdaq, after the company overnight raised its forecast for 2026 capital expenditures, overshadowing its Q1 earnings and revenue beat. Microsoft (MSFT) said Wednesday that it expects capital expenditures of $190 billion for the 2026 calendar year, including roughly $25 billion from higher component pricing. Shares were down 4.6%, among the steepest decliners on the Nasdaq and the Dow.Meanwhile, US President Donald Trump will hear about updated military options for Iran from Pentagon officials on Thursday, as a possible way of forcing Tehran into an agreement, CNN reported. Trump's current strategy is to inflict economic pain on Iran.Iran's new supreme leader gave a rare statement Thursday, vowing not to give up the country's nuclear or missile technologies and signaling Tehran would keep control of the Strait of Hormuz, Bloomberg reported. Iran will "guard" its "advanced technologies" like it does its own borders, Mojtaba Khamenei was cited as saying in a written statement. It will "secure the Persian Gulf region and dismantle the hostile enemy's exploitation of this waterway," he added, referring to the strait.West Texas Intermediate crude oil futures fell 2.2% to $104.49, and Brent crude futures dropped 3.3% to $114.09.In precious metals, gold futures climbed 1.3% to $4,621.5, and silver futures jumped 2.1% to $73.07.Most US Treasury yields dropped, with the 10-year down 1.8 basis points to 4.4% and the two-year slumped 4.3 basis points to 3.89%.In economic news, the personal consumption expenditures price index increased by 0.7% in March, as expected, lifting the year-over-year rate to 3.5% from 2.8%. The price index increased by 0.4% month-over-month in February. The core PCE price index increased by 0.3%, as expected, following a 0.4% gain in February. The year-over-year rate accelerated to 3.2% from 3.0% in the previous month.US economic growth, measured by gross domestic product, rose by 2.0% in Q1 after a 0.5% gain in Q4, slower than a 2.3% increase expected in a survey compiled by Bloomberg.US initial jobless claims fell to 189,000 in the week ended April 25 from an upwardly revised 215,000 in the previous week, compared with expectations for an increase to 212,000 in a survey of analysts compiled by Bloomberg. The four-week moving average declined by 3,500 to 207,500.
Qualcomm (QCOM) guided for handset volume below seasonal demand for the second consecutive quarter, citing memory impact on the China Android segment, Morgan Stanley said in a note Thursday, adding that handset growth remains a major challenge as 5G continues to mature.The company said June would likely be the bottom for China Android, based on royalty data and customer conversations. However, due to share loss at Samsung and Apple (AAPL), it cannot determine whether handset sales will rise or drop in September, while Morgan Stanley models flattish sequential growth, according to the note.Qualcomm guided for 50% year-over-year Automotive growth in June, about 7% ahead of Morgan Stanley's estimates, driven by both cyclical and pipeline growth, the firm noted. The brokerage said this remains a good growth story, although the segment accounts for less than 15% of total sales.The company is now pursuing custom silicon chips but the market is saturated with big suppliers, according to the note. The firm said it needs more visibility into those wins but progress on this front is important.Morgan Stanley now models 2026 revenue and EPS at $40.1 billion and $9.39, respectively, and 2027 revenue and EPS at $42 billion and $10.32.Morgan Stanley maintained an underweight rating on Qualcomm, while raising its price target to $146 from $132.Shares of Qualcomm rose nearly 16% in Thursday trading.Price: $181.68, Change: $+25.68, Percent Change: +16.46%
All three major US stock indexes were up in late-morning trading Thursday, as investors digest a slew of earnings reports from the giant tech companies as well as the Federal Reserve's decision Wednesday to leave interest rates unchanged.In company news, Meta Platforms (META) reported Q1 earnings late Wednesday of $10.44 per diluted share, up from $6.43 a year earlier and above the FactSet consensus analyst estimate of $6.67. Meta Q1 revenue was $56.31 billion, up from $42.31 billion a year ago and above the FactSet consensus of $55.56 billion. For Q2, Meta said it expects revenue of $58 billion to $61 billion, compared to the FactSet consensus of $59.48 billion. Full-year 2026 capital expenditures are expected to be between $125 billion and $145 billion, up from the prior outlook of $115 billion to $135 billion, Chief Financial Officer Susan Li said on a call with analysts. The daily active people average for March was 3.56 billion, up 4% year over year but down slightly quarter over year due to internet disruptions in Iran and WhatsApp restrictions in Russia, the company said. After the earnings report, Meta commenced a US investment-grade bond sale in as many as six parts through which it is looking to raise up to $25 billion. Meta shares were down 9.5% around midday.Alphabet (GOOG, GOOGL) reported Q1 earnings late Wednesday of $5.11 per diluted share, up from $2.81 a year earlier and above the FactSet consensus estimate of $2.63. Alphabet Q1 revenue was $109.9 billion, up from $90.2 billion a year ago and above the FactSet consensus of $106.96 billion. The tech giant raised it quarterly cash dividend to $0.22 per share from $0.21 per share, payable June 15 to shareholders of record as of June 8. Alphabet's Class C and Class A shares were up 7.2% and 7.3%, respectively.Amazon (AMZN) reported Q1 earnings late Wednesday of $2.78 per diluted share, up from $1.59 a year earlier and above the FactSet consensus of $1.63. Amazon Q1 revenue was $181.52 billion, up from $155.67 billion a year ago and above the FactSet consensus of $177.28 billion. For Q2, the company said it expects revenue of $194 billion to $199 billion, above the FactSet consensus of $188.96 billion. Amazon shares were down 1.2%.Microsoft (MSFT) reported fiscal Q3 adjusted earnings late Wednesday of $4.27 per diluted share, up from $3.54 a year earlier and above the FactSet consensus of $4.05. Fiscal Q3 revenue was $82.89 billion, up from $70.07 billion a year ago and above the FactSet consensus of $81.40 billion. Microsoft shares were down 4.5%.Eli Lilly (LLY) reported Q1 non-GAAP earnings Thursday of $8.55 per diluted share, up from $3.34 a year earlier and above the FactSet consensus of $6.97. Lilly Q1 revenue was $19.80 billion, up from $12.73 billion a year ago and above the FactSet consensus of $17.82 billion. For full-year 2026, the company said it expects adjusted EPS of $35.50 to $37.00, up from its previous guidance of $33.50 to $35.00 and above the FactSet consensus of $34.51. Full-year revenue is expected to be between $82 billion and $85 billion, up from its previous outlook of $80 billion to $83 billion and compared to the FactSet consensus of $82.07 billion. Eli Lilly shares were up 8.1%.Qualcomm (QCOM) reported fiscal Q2 adjusted earnings late Wednesday of $2.65 per diluted share, down from $2.85 a year earlier but above the FactSet consensus of $2.56. Fiscal Q2 revenue was $10.60 billion, down from $10.97 billion a year ago but above the FactSet consensus of $10.69 billion. For fiscal Q3, the company said it expects adjusted EPS of $2.10 to $2.30, below the FactSet consensus of $2.42. Fiscal Q3 revenue is expected to be between $9.20 billion to $10 billion, below the FactSet consensus of $10.19 billion. CFO Akash Palkhiwala said on the company's earnings call that the company expects shipments to Chinese Android customers to recover after inventory corrections. Qualcomm also said it has secured a "multi-generation engagement" with a leading hyperscaler, with initial shipments expected to begin later this year. Qualcomm shares were up 18.0%.Caterpillar (CAT) reported Q1 adjusted profit Thursday of $5.54 per share, up from $4.25 a year earlier and above the FactSet consensus of $4.65. Total Q1 sales and revenue were $17.42 billion, up from $14.25 billion a year ago and above the FactSet consensus of $16.53 billion. For full-year 2026, the company said it expects low double-digit sales and revenue growth, higher year-over-year free cash flow in its primary operating segment of machinery, power and energy, and adjusted operating profit margin near the bottom of the target range. Caterpillar shares were up 8.6%.Mastercard (MA) reported Q1 adjusted earnings Thursday of $4.60 per diluted share, up from $3.73 a year earlier and above the FactSet consensus of $4.41. Net Q1 revenue was $8.40 billion, up from $7.25 billion a year ago and above the FactSet consensus of $8.26 billion. Mastercard shares were down 3.6%.Stellantis (STLA) reported Q1 adjusted earnings Thursday of 40.21 per diluted share, upf rom $0.04 a year earlier and above the FactSet consensus of $0.19. Net Q1 revenue was $38.13 billion, up from $25.81 billion ay ear ago but below the FactSet consensus from four analysts of $44.95 billion. For full-year 2026, the company said it expects mid-single-digit net revenue growth. Stellantis shares were down 4.9%.Price: $606.15, Change: $-62.97, Percent Change: -9.41%
QUALCOMM (QCOM) has an average rating of hold and mean price target of $161.08 according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $165.97, Change: $+9.97, Percent Change: +6.39%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We boost our 12-month target price to $220 from $170, implying a higher revised P/E of about 20x our CY 27 EPS view of $11.10, above peers and historical. After mixed Mar-Q results/Jun-Q guide, we adjust our FY 26 (Sep.) EPS estimate to $10.67 from $11.06 and FY 27's to $10.75 from $10.95. Despite near-term share loss across the smartphone space as QCOM has to contend with memory supply constraints and lost Apple business, we think Android orders are in a near bottoming process. We do believe that as QCOM's revenue mix diversifies, with recent momentum from data centers and automotive, it will warrant a higher valuation. A custom silicon hyperscaler win, with initial shipments seen by CY end is a material validation of QCOM's data center strategy and a new high-margin revenue stream that could scale rapidly. Combined, automotive (sales seen accelerating to +50% in Jun-Q from 38% in Mar-Q) and IoT now represent approximately 34% of QCT revenues, and we see these segments reaching 50% within three to five years.
QUALCOMM (QCOM) has an average rating of hold and mean price target of $157.88, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:QCOM posted Mar-Q revenues of $10.6B (-3% Y/Y) vs. the $10.4B expected, with Non-GAAP EPS of $2.65 (-7% Y/Y) vs. the $2.56 forecast. The revenue decline reflects memory supply constraints impacting handset demand, with QCT down 4% to $9.1B and handset revenues declining 13% to $6.0B, while QTL was up 5% to $1.4B with 72% margins. QCOM's diversification strategy shows strong momentum with automotive at a record $1.3B (+38% Y/Y) and IoT growing 9% to $1.7B, validating QCOM's strategic pivot toward higher-growth markets. Jun-Q guidance of $9.2B-$10.0B revenues and $2.10-$2.30 EPS compares to consensus estimates of $9.6B/$2.43, reflecting continued memory headwinds. We see progress in data center opportunities with hyperscaler engagement on track for initial shipments in calendar 2026. QCOM expects Chinese handset revenues to trough in Jun-Q before sequential growth in Sep-Q, and announced a new $20B share repurchase authorization, demonstrating long-term confidence.
Qualcomm (QCOM) reported fiscal Q2 adjusted earnings late Wednesday of $2.65 per diluted share, down from $2.85 a year earlier.Analysts polled by FactSet expected $2.56.Revenue for the three months ended March 29 was $10.60 billion, down from $10.98 billion a year earlier.Analysts surveyed by FactSet expected $10.59 billion.The company expects Q3 adjusted EPS of $2.10 to $2.30 on revenue of $9.20 billion to $10 billion. Analysts expect EPS of $2.42 on revenue of $10.19 billion.
All three major US stock indexes were down in late-morning trading Monday, as investors parse ongoing developments in peace talks between the US and Iran.Iran has offered to reopen the Strait of Hormuz in exchange for an end to the US' blockade of the country and an end to the war, media outlets reported Monday, citing officials.In company news, Microsoft (MSFT) and OpenAI said Monday they have amended their agreement so that Microsoft will no longer pay a revenue share to OpenAI, and its license will now be non-exclusive. Microsoft will remain OpenAI's primary cloud partner, and its Azure will receive the first shipments of OpenAI products, unless Microsoft cannot and chooses not to support the necessary capabilities, the companies said. Separately, industry checks indicate that OpenAI is working with Qualcomm (QCOM) and MediaTek to develop smartphone processors, a TF International Securities analyst said. Microsoft shares were down 0.7% around midday, while Qualcomm shares were down 0.2%.ARC Resources said Monday it has entered into a definitive agreement to be acquired by Shell (SHEL) in a cash-and-share deal valued at about 22 billion Canadian dollars ($16.17 billion). Under the terms of the deal, ARC shareholders will receive 0.40247 of a Shell share and CA$8.20 in cash consideration in exchange for each ARC share they own, representing a total consideration of CA$32.80 per ARC share. The deal is expected to close in H2, ARC said. Shell shares were down 1.3%.Meta Platforms' (META) $2 billion acquisition of AI startup Manus was blocked by China's National Development and Reform Commission, media outlets reported Monday, citing the Chinese regulator. Meta shares were down 0.1%.Eli Lilly (LLY) said Monday it has agreed to acquire Ajax Therapeutics for up to $2.3 billion in cash. The deal includes an upfront payment and subsequent payouts based on the achievement of certain clinical and regulatory milestones, the company said. Eli Lilly shares were down 0.5%.Verizon Communications (VZ) reported Q1 adjusted earnings Monday of $1.28 per diluted share, up from $1.19 a year earlier and above the FactSet consensus analyst estimate of $1.21. First-quarter operating revenue was $34.44 billion, up from $33.49 billion a year ago but below the FactSet consensus of $34.82 billion. For 2026, the company said it expects adjusted EPS of $4.95 to $4.99, above the FactSet consensus of $4.90. Verizon shares were up 3.6%.Price: $422.11, Change: $-2.49, Percent Change: -0.59%
Technology stocks were mixed premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) down 0.2% and the State Street SPDR S&P Semiconductor ETF (XSD) 0.1% higher.Qualcomm (QCOM) shares were up more than 8% after a TF International Securities analyst said that industry checks suggest Microsoft-backed (MSFT) OpenAI is working with the semiconductor company and MediaTek to develop smartphone processors.Tower Semiconductor (TSEM) and Axiro Semiconductor said Axiro's Ku- and X-band radar beamforming integrated circuits are now ready for deployment in critical defense systems. Tower Semiconductor stock was up more than 1% pre-bell.WeRide (WRD) and Lenovo expect to jointly deploy 200,000 autonomous vehicles, including Robotaxis, worldwide over the next five years, WeRide said. Shares of WeRide were up more than 3% premarket.
Technology stocks were advancing premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) up 0.1% and the State Street SPDR S&P Semiconductor ETF (XSD) 0.7% higher.Qualcomm (QCOM) shares were up more than 9% after a TF International Securities analyst said that industry checks suggest Microsoft-backed (MSFT) OpenAI is working with the semiconductor company and MediaTek to develop smartphone processors.
US equity futures were marginally lower pre-bell Monday amid reports of Iran's new proposal to reopen the Strait of Hormuz against the backdrop of stalled US-Iran negotiations.Dow Jones Industrial Average futures were 0.2% lower, S&P 500 futures were down 0.1%, and Nasdaq futures were 0.1% higher.Iran has sent the US a new proposal to reopen the Strait of Hormuz and end the conflict, with nuclear talks deferred to a later date, according to an Axios report citing a US official and two other sources.President Donald Trump cancelled the trip of US special envoy Steve Witkoff and Jared Kushner to Pakistan for negotiations with Iran, saying, "If they want to talk, all they have to do is call!" according to a post on Truth Social on Sunday.Earnings kicked off for the week, with Verizon Communications (VZ) posting higher Q1 adjusted earnings and revenue.Among the companies expected to report quarterly earnings this week are Visa (V), Alphabet (GOOG, GOOGL), Microsoft (MSFT), Amazon (AMZN), Meta Platforms (META), Apple (AAPL), and Berkshire Hathaway (BRK.A, BRK.B).Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1.8% at $100.86 per barrel and US West Texas Intermediate crude 1.7% higher at $96.05 per barrel.The Dallas Federal Reserve's manufacturing reading will be released at 10:30 am ET.The policy-setting Federal Open Market Committee is scheduled to release a statement 2 pm ET on Wednesday.In other world markets, Japan's Nikkei closed 1.4% higher, Hong Kong's Hang Seng ended 0.2% lower, and China's Shanghai Composite finished 0.2% higher. Meanwhile, the UK's FTSE 100 was down 0.2%, and Germany's DAX index was 0.8% higher in Europe's early afternoon session.In equities, Qualcomm (QCOM) shares were up 9.4% after industry checks suggested that Microsoft-backed OpenAI is working with the semiconductor company and MediaTek to develop smartphone processors, according to a TF International Securities analyst. Verizon Communications stock was up 3% after the company reported its Q1 financial results.On the losing side, Domino's Pizza (DPZ) shares were down 7.4% after the company posted fiscal Q1 earnings and revenue that fell short of analysts' estimates.
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