Qualcomm Gains, Nvidia Down, Uber Rises After Autonomous Vehicle Pacts with Nvidia
On this episode of Stock Movers: - Qualcomm (QCOM) shares rise. The largest maker of smartphone processors, plans to buy back another $20 billion worth of shares and is raising its quarterly cash dividend. The chipmaker’s board has approved the new stock repurchase program, which adds to previous buybacks announced in November 2024, according to a company statement. - Nvidia (NVDA) shares are down. Nvidia Corp. Chief Executive Officer Jensen Huang unveiled new products and predicted the company's flagship AI processors would help generate $1 trillion in sales through 2027. According to…
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