Movement Alert｜Qualcomm Rises 3.48% in Regular Trading, Semiconductor Sector Rallies as Huang Renxun Buy Call Effect Persists

Market Focus06-11

On June 11, Qualcomm rose 3.48% in regular trading, trading at approximately $198.12/share, with trading volume of $4.7 billion. The stock rebounded alongside a broad semiconductor sector rally following a sharp selloff in the prior session.

On the news front, NVIDIA CEO Jensen Huang recently made public remarks during his Asia tour endorsing Qualcomm, praising the company for excelling in the mobile device space and directly telling investors to buy their stock. Huang stated that AI infrastructure buildout remains in its early stages and that the recent tech pullback represents a buying opportunity, further reinforcing bullish sentiment toward the semiconductor sector. These comments continued to ferment in the market following Qualcomm's steep 10%-plus decline on June 10 amid a broader Nasdaq rout.

Within the Semiconductor sector, the recovery was broad-based. Among individual stocks, Intel rose 10.97%, Advanced Micro Devices gained 5.65%, Marvell Technology climbed 5.4%, Micron Technology advanced 3.92%, and NVIDIA added 1.36%.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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