On July 9, QUALCOMM rose 3.28% in regular trading, trading at $190.39 USD/share, with turnover of $331 million. The rally was driven by Arete's significant target price upgrade combined with a broad semiconductor sector rebound.

Arete raised its price target on QUALCOMM from $200 to $314, representing a 57% increase and substantially exceeding the market consensus mean of $224.43, significantly boosting market sentiment. Additionally, Qualcomm Ventures announced an equity investment in ECARX Technology on the same day, subscribing to over 10.32 million Class A ordinary shares, extending the partnership from the technology level to the capital level and reflecting the company's continued commitment to building its intelligent automotive ecosystem.

Meanwhile, the semiconductor sector rallied broadly, with Micron Technology up 8.32%, Advanced Micro Devices up 7.41%, and Intel up 4.75%, providing additional tailwinds for QUALCOMM's performance. The next earnings report is expected on July 29 after market close, with consensus EPS of $1.53.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)