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Qualcomm Stock Surges 4.78% on Acquisition Hopes, Trading Volume Ranks 46th

Market BriefMonday, May 12, 2025 8:01 pm ET

1min read

On May 12, 2025, Qualcomm's trading volume reached $1.733 billion, marking a 91.57% increase from the previous day, ranking 46th in the day's stock market. Qualcomm (QCOM) rose by 4.78%, marking its fifth consecutive day of gains, with a 9.09% increase over the past five days.

Qualcomm's stock price surged today as investors grew optimistic about the potential acquisition of U.K. semiconductor IP firm Alphawave. The $1.3 billion takeover talks have gained additional time, fueling speculation that the deal may be nearing completion. This development has significantly boosted investor confidence in Qualcomm's strategic initiatives and future growth prospects.

Qualcomm reported higher revenue and profit for the recent quarter, driven by increased chip sales. This financial performance has further bolstered investor sentiment, contributing to the stock's upward trajectory. The company's strong earnings report, coupled with the potential acquisition of Alphawave, has positioned Qualcomm favorably in the market, attracting more investors and driving up its stock price.

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