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Qualcomm's Trading Volume Drops 28.76% to $1.036 Billion Ranking 63rd Amidst 5G Modem Study and Acquisition Rumors
Generated by AI AgentAinvest Volume Radar
Wednesday, May 28, 2025 7:34 pm ET1min read
On May 28, 2025, Qualcomm's trading volume reached $1.036 billion, a 28.76% decrease from the previous day, ranking 63rd in the day's stock market.
(QCOM) shares fell by 0.69%.Qualcomm Inc. commissioned a study that demonstrated its modem chips outperformed a rival component developed by
, particularly in cellular performance. This study was released to highlight the performance edge of Qualcomm's 5G modem over Apple's in-house modem, which was found to fall short in 5G tests. The study's findings are significant as they underscore Qualcomm's technological superiority in the modem market, which could influence investor sentiment and potentially drive stock price movements.Qualcomm's announcement of considering the acquisition of Alphawave further adds to the company's strategic initiatives. This potential acquisition could enhance Qualcomm's technological capabilities and market position, providing a positive outlook for the company's future growth and innovation. The combination of these developments positions Qualcomm favorably in the competitive landscape of the tech industry.
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