Qualcomm and Nvidia Gain; PTC Major Jumps
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Qualcomm (QCOM) shares are higher as the company agreed to license patents underpinning Huawei Technologies Co.’s novel LogicFolding chipmaking technique.
- Nvidia (NVDA) shares are climbing on news Hon Hai Precision Industry reported better-than-expected quarterly revenue, signaling sustained and elevated spending on global AI infrastructure.
- Taiwan Semiconductor (TSM) shares are gaining with sentiment boosted by discussions between the Taiwanese chip giant and Elon Musk’s Terafab on potential collaboration.
- PTC (PTC) shares are rallying as Schneider Electric agreed to buy PTC for about $22.6 billion in an all-cash deal to tap into the artificial-intelligence boom.
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