Qualcomm Shares Rebound After Computex Setback as AI and Custom-Silicon Wins Drive Buying
Qualcomm rallied strongly in mid-day trading, reversing an earlier sell-off caused by rival product announcements at Computex. The stock's recovery was supported by CEO Cristiano Amon's unveiling of the Dragonfly data-center brand, a confirmed ASIC supply agreement with ByteDance, reports of an additional U.S. cloud hyperscaler customer, and renewe…