WhaleWisdom Qualcomm’s Surging Growth Attracts the Smartest Hedge Funds
Posted on August 26th, 2019
Qualcomm Inc. (QCOM)
saw its stock rise sharply in the second quarter and is having a big 2019, with shares up 29.7% versus an S&P 500 that is up by 13.5%.
The strong start to 2019
has landed the stock on the WhaleWisdom heat map in the third position from a previously unranked position.
The strong performance
followed news that Apple Inc. (AAPL) would drop its lawsuit against Qualcomm.
Meanwhile, the two companies also signed a new licensing agreement.
The news sent shares of Qualcomm soaring by as much as 56% from April 15 through May 3.
WhaleWisdom
https://whalewisdom.com/articles/qualcomms-surging-growth-attracts-the-smartest-hedge-funds/