Qualcomm stock price is supported by bullish technical

Qualcomm stock price is supported by bullish technical indicators, including a 50-day moving average crossover pointing to sustained upward momentum. Market watchers anticipate gains if earnings outpace consensus forecasts. NVIDIA’s outlook for the third quarter of fiscal 2026 remains upbeat. The company expects third-quarter revenues to increase 55% year over year to $54 billion, reflecting continued momentum in AI-driven demand. The gross margin is expected to be strong at 73.5% despite increasing costs associated with ramping up Blackwell production. I don’t want to harp on about performance here because I’m quite aware that it’s just not the top priority for a growing majority of smartphone owners. It’s sufficient to say that it’s not far off the Elite in benchmarks, and even harder to tell the difference day to day. Qualcomm stock price surpassed the $178 mark in afternoon trading, boosted by analyst upgrades citing Qualcomm’s strategic positioning in the AI-enabled mobile computing segment.