Qualcomm (QCOM) Stock Edges Up Premarket as Alphabet Reveals $548M Stake

TLDR Qualcomm stock rose more than 3% premarket Friday after Alphabet disclosed its stake. Alphabet’s Qualcomm holding was worth $547.9 million as of September. QCOM opened at $156.75, below its 50-day average of $178.09. Qualcomm’s quarterly revenue beat estimates, but handset sales fell. A $0.92 dividend is payable December 17. Qualcomm (QCOM) stock was set for a lift Friday after Alphabet revealed a new look at its holdings. The stock rose more than 3% in premarket trading. QUALCOMM Incorporated, QCOM QCOM opened at $156.75. That sits well below its 50-day moving average of $178.09. Alphabet said its Qualcomm stake was worth $547.9 million as of September. The holding totals nearly 3 million units of the chipmaker’s stock.

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