Closing Bell: Qualcomm Soars, Dell Rises, BJ Drops

On this episode of Stock Movers:

Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Carol Massar and Tim Stenovec.

- Qualcomm (QCOM) rises as investors focused on the growing market for agentic AI smartphones and the company's expanding automotive partnerships, even as broader tech markets weakened. Plus news that it has expanded their multi-year collaboration to integrate Snapdragon Digital Chassis system-on-chips across next-generation Stellantis vehicles

- Shares of technology hardware and server companies are rallying on Friday, with the group extending recent momentum as investors continue to see strong AI tailwinds for the sector. Dell (DELL) Technologies shares gained as much as 17% on Friday, hitting an intraday record

-BJ’s Wholesale (BJ) shares fall as much as 8.7%, to the lowest intraday since November 2024, after the retailer commented on a conference call about the health of its consumers. As for the quarterly results, adjusted EPS topped the consensus estimate, though comparable sales growth of just 1.5% narrowly trailed the +1.6% estimate. Annual guidance was maintained.

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