Analysts are looking for big jumps in earnings and revenue from the chip maker, along with an upbeat outlook for the current quarter. Read More...
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Why Qualcomm, AMD, and Micron Stocks Popped Today
Semiconductor stocks exploded higher on Tuesday afternoon, riding a rising tide of positive market sentiment as the stock market responded to news of an apparent Russian troop pullback from Ukraine — and the potential that war in Eastern Europe can be averted. As of 3:30 p.m. ET, shares of Qualcomm (NASDAQ: QCOM) had risen 4.8%, Advanced Micro Devices (NASDAQ: AMD) was up 6.1%, and Micron (NASDAQ: MU) had gained most of all — up 7.1%. Positive news out of Moscow appears to be the primary catalyst moving stocks higher today, but it wasn’t the only good news for investors in tech stocks in general, or semiconductor stocks in particular.
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