Qualcomm Inc. (NASDAQ:QCOM) stock saw a sharp rise in momentum score, jumping from 21.53 to 43.64 on a week-over-week basis
A momentum score is a metric used to gauge how strongly a stock is trending over time by analyzing recent price movements and trading volume, reflecting the intensity of its current market trend.
Qualcomm Expands AI And Data Center
Qualcomm CEO Cristiano Amon said the company planned to ship data center chips to a major hyperscaler within the year, with more details expected at its June investor day.
He noted that AI agents were reshaping the company’s roadmap across all platforms, reflecting a broader shift driven by artificial intelligence.
Amon also said the smartphone market was expected to recover after the third fiscal quarter, suggesting the cycle had likely bottomed.
He pointed to growing opportunities in data center chips, including work on CPUs, inference accelerators, and custom ASICs following the AlphaWave acquisition.
He added that Qualcomm was still in the early stages of its data center expansion but was building capabilities and customer relationships as demand for AI-driven computing …
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