Qualcomm Shares Climb 8.7% as Automotive Revenue Surges
Key Takeaways: Qualcomm (NASDAQ: QCOM) shares have advanced approximately 8.7% in the month since its latest earnings report, outperforming the S&P 500 even though the underlying fiscal third-quarter results were mixed. Investors appear to be looking beyond near-term handset weakness and assigning more weight to a