Qualcomm Rises, Apple Falls, Hertz Eyes Record Drop

On this episode of Stock Movers:

- Qualcomm (QCOM) shares end the day higher after the chipmaker forecast annual sales of more than $15 billion from artificial intelligence components in data centers by fiscal 2029.

- Apple (AAPL) shares sank after it raised prices of all Macs, iPads, home devices and the Vision Pro on Thursday, seeking to offset cost hikes caused by an unprecedented shortage of memory chips and storage.

- Hertz (HTZ) saw its shares plummet 41% on Wednesday after announcing a concurrent stock issuance and bond offering, and reporting preliminary earnings that fell short of analyst hopes. On Thursday, shares dropped a further 11%, putting Hertz on track for its biggest weekly decline since the stock re-listed in 2021 after emerging from bankruptcy.

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