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Qualcomm Holds Its Rising Channel as Momentum Signals Turn Back in Bulls’ Favor

Investing.com Logo Investing.com By Sam Quirke
Qualcomm Holds Its Rising Channel as Momentum Signals Turn Back in Bulls’ Favor

Qualcomm's stock is showing resilience after a challenging November, maintaining its rising channel since April. Technical indicators suggest bulls are regaining control, with analysts remaining optimistic about the company's growth potential in automotive and AI-related hardware.

Insights
QCOM   positive

Stock rebounding from November lows, maintaining rising channel, positive analyst ratings with price targets of $210-$225, strong quarterly earnings, and promising diversification into automotive and AI sectors