Qualcomm Option Alert: Fri $170 Calls at the Ask: 1598 vs 15219 OI

Qualcomm Option Alert: Fri $170 Calls at the Ask: 1598 @ $3.5 vs 15219 OI; Ref=$172.97

Qualcomm Option Alert: Jan, 2027 $210 Calls Sweep (3) near the Bid: 377 vs 7072 OI

Qualcomm Option Alert: Jan, 2027 $210 Calls Sweep (3) near the Bid: 377 @ $21.151 vs 7072 OI; Ref=$174.93

Qualcomm Option Alert: Jan, 2027 $210 Calls Sweep (6) near the Bid: 407 vs 7859 OI

Qualcomm Option Alert: Jan, 2027 $210 Calls Sweep (6) near the Bid: 407 @ $19.752 vs 7859 OI; Ref=$171.5

Qualcomm Option Alert: Jan, 2027 $210 Calls Sweep (4) near the Bid: 419 vs 8260 OI

Qualcomm Option Alert: Jan, 2027 $210 Calls Sweep (4) near the Bid: 419 @ $20.133 vs 8260 OI; Ref=$172.065

Qualcomm Option Alert: Jan, 2027 $210 Calls Sweep (7) near the Bid: 665 vs 8894 OI

Qualcomm Option Alert: Jan, 2027 $210 Calls Sweep (7) near the Bid: 665 @ $20.689 vs 8894 OI; Ref=$171.98

Qualcomm (NASDAQ:QCOM) 주식

QUALCOMM INC

Qualcomm

Qualcomm develops and licenses wireless technology and designs chips for smartphones. The company's key patents revolve around CDMA and OFDMA technologies, which are standards in wireless communications that are the backbone of all 3G, 4G, and 5G networks. Qualcomm's IP is licensed by virtually all wireless device makers. The firm is also the world's largest wireless chip vendor, supplying nearly every premier handset maker with leading-edge processors. Qualcomm also sells RF-front end modules into smartphones, as well as chips into automotive and Internet of Things markets.

Qualcomm,Company,Office,In,Silicon,Valley.,Qualcomm,Incorporated,Is,An

Earnings

News

Movers

Tech

Trading Ideas

QCOM

퀄컴(NASDAQ:QCOM)은 수요일(30일) 장 마감 후 2분기 재무 실적을 발표했다. 주요 내용은 다음과 같다.무슨 일 있었나: 퀄컴은 2분기 매출이 전년 동기 대비 15% 증가한 108억 4,000만 달러를 기록했다고 발표했다. 매출 총액은 시장 컨센서스 예상치인 106억 5,000만 달러를 상회했다.

퀄컴 2분기 실적, 매출 및 수익 예상치 상회···시간외 주가 6%↓

Los,Angeles,-,Apr,15:,Chamath,Palihapitiya,At,The,9th

ERIC

NVDA

CISCO

차마스 팔리하피티야는 일요일(27일) 소셜미디어 엑스(X)에 출연해 기술 업계에서 화웨이의 전략적 접근 방식에 대해 논의했다. 팔리하피티야는 중국의 저명한 기업인 화웨이가 &#39;저가 파괴자&#39;(low-end disruptor) 전략을 성공적으로 실행하고 있다고 강조했다. 여기에는 기존 시장 선도업체의 제품과 동등하거나 더 나은 제품을 더 낮은 비용으로 만드는 것이 포함된다.

차마스 팔리하피티야 &#34;엔비디아는 화웨이의 새로운 목표&#34;

Washington,,Dc,-,February,2,,2023:,Rep.,Marjorie,Taylor,Greene

Politics

AAPL

AMZN

IBIT

LULU

PLTR

그린 의원(공화당, 조지아주)의 공개 자료에 따르면, 그는 도널드 트럼프 대통령의 상호관세 조치 소식에 따라 시장이 하락하는 동안 여러 주식의 주식을 매입했다.

마조리 테일러 그린 하원의원, 주식 매수 비난에 반박 &#34;포트폴리오 매니저가 저가 매수한 것&#34;

Qualcomm Inc

Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) shares have declined 4.6% over the past week to $139.74, even after the company delivered second-quarter results that <a href="https://www.benzinga.com/news/earnings/25/04/45115978/qualcomm-beats-q2-expectations-on-earnings-revenue-ceo-highlights-focus-on-critical-factors-we-can-control">exceeded</a> Wall Street expectations. What To Know: The chipmaker reported revenue of $10.84 billion, marking a 15% increase from the same period last year, while non-GAAP earnings per share rose 17% to $2.85. 
Both metrics topped analyst forecasts, continuing Qualcomm's streak of beating revenue estimates for eight consecutive quarters and EPS estimates for seven.
The growth was <a href="https://www.benzinga.com/news/earnings/25/04/45115978/qualcomm-beats-q2-expectations-on-earnings-revenue-ceo-highlights-focus-on-critical-factors-we-can-control">largely fueled</a> by the company's QCT segment. Handset revenue climbed 12% to $6.93 billion, Internet of Things (IoT) revenue jumped 27% to $1.58 billion, and automotive sales soared 59% to $959 million. 
Licensing revenue held steady. CEO Cristiano Amon pointed to strong performance across key markets and emphasized the company's focus on diversifying its portfolio.
Read Also: <a href="https://www.benzinga.com/news/earnings/25/05/45193625/palantir-stock-is-trending-today-whats-going-on">Palantir Stock Is Trending Today: What&#8217;s Going On?</a>
What Else: Looking ahead, Qualcomm expects third-quarter revenue in the range of $9.9 billion to $10.7 billion, with EPS projected between $2.60 and $2.80—figures generally in line with consensus estimates.
Despite the upbeat report, investor <a href="https://www.benzinga.com/25/05/45150491/qualcomm-stock-drops-after-analysts-lower-price-targets-despite-strong-demand-from-apple-and-samsung">sentiment was mixed</a>. While firms like Rosenblatt and Benchmark maintained Buy ratings, the latter trimmed its price target, citing concerns over slowing handset demand and broader economic headwinds.
Analysts in general remain optimistic about Qualcomm's long-term prospects, particularly in its fast-growing IoT and automotive segments, bolstered by upcoming launches from partners like Samsung and solid momentum in China's premium Android market.
Read Also: <a href="https://www.benzinga.com/25/05/45193859/mara-holdings-says-bitcoin-production-fell-15-last-month-shares-move-lower-with-earnings-on-the-horizon-whats-going-on">MARA Holdings Says Bitcoin Production Fell 15% Last Month, Shares Move Lower With Earnings On The Horizon: What&#8217;s Going On?</a>
<h2 class="wp-block-heading">How To Buy QCOM Stock</h2>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in Qualcomm&#8217;s case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, QCOM has a 52-week high of $230.63 and a 52-week low of $120.80.

Qualcomm (QCOM) Shares Dip Despite Q2 Earnings Beat: What's Going On?

WIIM

ACMR

AMAT

AOSL

ASML

AVGO

ENTG

FORM

HIMX

KLAC

LRCX

LSCC

MCHP

MKSI

NXPI

RMBS

SMTC

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

Shares of chip stocks are trading higher amid overall market strength on reports indicating China is assessing US trade talks. Additionally, jobs data may be easing some market fears. NVIDIA shares rose on reports indicating the company is working on China-tailored chips.

Financial giants have made a conspicuous bearish move on Qualcomm. Our analysis of options history for Qualcomm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) revealed 17 unusual trades.
Delving into the details, we found 35% of traders were bullish, while 58% showed bearish tendencies. Out of all the trades we spotted, 8 were puts, with a value of $686,931, and 9 were calls, valued at $450,715.
<h3>What's The Price Target?</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $90.0 to $190.0 for Qualcomm over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Qualcomm's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Qualcomm's whale activity within a strike price range from $90.0 to $190.0 in the last 30 days. 
<h3>Qualcomm 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1746201647_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>QCOM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$52.7</td>
<td>$51.9</td>
<td>$51.9</td>
<td>$190.00</td>
<td>$311.4K</td>
<td>1</td>
<td align="right">60</td>
</tr>
<tr>
<td>QCOM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/20/26</td>
<td>$6.75</td>
<td>$6.65</td>
<td>$6.75</td>
<td>$110.00</td>
<td>$109.3K</td>
<td>375</td>
<td align="right">194</td>
</tr>
<tr>
<td>QCOM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$31.25</td>
<td>$30.9</td>
<td>$30.88</td>
<td>$170.00</td>
<td>$77.2K</td>
<td>103</td>
<td align="right">25</td>
</tr>
<tr>
<td>QCOM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$9.4</td>
<td>$9.25</td>
<td>$9.3</td>
<td>$135.00</td>
<td>$63.2K</td>
<td>663</td>
<td align="right">355</td>
</tr>
<tr>
<td>QCOM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$4.1</td>
<td>$4.05</td>
<td>$4.05</td>
<td>$180.00</td>
<td>$60.7K</td>
<td>1.6K</td>
<td align="right">150</td>
</tr>
</tbody>
</table>

<h3>About Qualcomm</h3>
Qualcomm develops and licenses wireless technology and designs chips for smartphones. The company's key patents revolve around CDMA and OFDMA technologies, which are standards in wireless communications that are the backbone of all 3G, 4G, and 5G networks. Qualcomm's IP is licensed by virtually all wireless device makers. The firm is also the world's largest wireless chip vendor, supplying nearly every premier handset maker with leading-edge processors. Qualcomm also sells RF-front end modules into smartphones, as well as chips into automotive and Internet of Things markets.
Having examined the options trading patterns of Qualcomm, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Present Market Standing of Qualcomm</h3>
<ul>
<li>With a trading volume of 4,967,270, the price of QCOM is up by 4.02%, reaching $140.65.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 89 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for Qualcomm</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $168.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; In a cautious move, an analyst from JP Morgan downgraded its rating to Overweight, setting a price target of $185. 
&#x2A; An analyst from Loop Capital has decided to maintain their Hold rating on Qualcomm, which currently sits at a price target of $155. 
&#x2A; An analyst from Susquehanna has decided to maintain their Positive rating on Qualcomm, which currently sits at a price target of $190. 
&#x2A; Consistent in their evaluation, an analyst from Cantor Fitzgerald keeps a Neutral rating on Qualcomm with a target price of $150. 
&#x2A; Consistent in their evaluation, an analyst from TD Cowen keeps a Buy rating on Qualcomm with a target price of $160. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Qualcomm options trades with real-time alerts from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.

Options

Markets

Qualcomm's Options: A Look at What the Big Money is Thinking

Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) stock fell 6.1% this week to $139.33 despite reporting stronger-than-expected second-quarter results. 
What To Know: The chipmaker posted revenue of $10.84 billion, <a href="https://www.benzinga.com/news/earnings/25/04/45115978/qualcomm-beats-q2-expectations-on-earnings-revenue-ceo-highlights-focus-on-critical-factors-we-can-control">up 15% year-over-year</a>, and non-GAAP earnings per share of $2.85, a 17% increase. Both figures topped analyst estimates, marking Qualcomm&#8217;s eighth consecutive revenue and seventh consecutive EPS beat.
Growth was driven by its QCT segment, with handset sales rising 12% to $6.93 billion, IoT up 27% to $1.58 billion, and automotive revenue surging 59% to $959 million. Licensing revenue remained flat. CEO Cristiano Amon highlighted continued strength across markets and a focus on diversification. 
For the third quarter, Qualcomm guided revenue between $9.9 billion and $10.7 billion and EPS between $2.60 and $2.80, in line with analysts' expectations. 
Despite the strong performance, analysts offered <a href="https://www.benzinga.com/25/05/45150491/qualcomm-stock-drops-after-analysts-lower-price-targets-despite-strong-demand-from-apple-and-samsung">mixed reactions</a>. While Rosenblatt and Benchmark reiterated Buy ratings, the latter lowered its price target amid concerns over normalizing handset demand and macroeconomic uncertainty. 
Still, optimism remains for growth in IoT and automotive, particularly with upcoming launches from partners like Samsung and strong momentum in China's premium Android market.
Read Also: <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45164558/us-adds-177000-jobs-in-april-topping-forecasts-as-economy-navigates-tariff-impact">April Jobs Blow Past Expectations, But Tariff Storm May Be Brewing</a>
<h2 class="wp-block-heading">How To Buy QCOM Stock</h2>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in Qualcomm&#8217;s case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, QCOM has a 52-week high of $230.63 and a 52-week low of $120.80.

Qualcomm (QCOM) Stock Falls 6% This Week Despite Q2 Earnings Beat

Evercore ISI Group analyst Mark Lipacis maintains Qualcomm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) with a In-Line and lowers the price target from $179 to $157.

Price Target

Analyst Ratings

Evercore ISI Group Maintains In-Line on Qualcomm, Lowers Price Target to $157

Loop Capital analyst Gary Mobley maintains Qualcomm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) with a Hold and lowers the price target from $180 to $155.

Loop Capital Maintains Hold on Qualcomm, Lowers Price Target to $155

Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) stock was trading lower on Thursday as analysts examined the tech company&#8217;s <a href="https://www.benzinga.com/news/earnings/25/04/45115978/qualcomm-beats-q2-expectations-on-earnings-revenue-ceo-highlights-focus-on-critical-factors-we-can-control" target="_blank" rel="noreferrer noopener">quarterly earnings results</a>.
<ul>
<li>Rosenblatt analyst Kevin Cassidy maintained Qualcomm with a Buy with a&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/QCOM/analyst-ratings" rel="noreferrer noopener">$225&nbsp;price target</a>.</li>
<li>Benchmark analyst Cody Acree reiterated Qualcomm with a Buy and lowered the price target from&nbsp;$240&nbsp;to&nbsp;$200.</li>
</ul>
Also Read: <a href="https://www.benzinga.com/tech/25/04/44630304/qualcomm-expands-ai-ambitions-with-acquisition-of-vinais-generative-ai-division" target="_blank" rel="noreferrer noopener">Qualcomm Expands AI Ambitions With Acquisition of VinAI&#8217;s Generative AI Division</a>
Rosenblatt:  Qualcomm delivered second-quarter revenue and EPS of $10.84 billion (+15% Y/Y) and $2.85 (+17% Y/Y), slightly above the midpoint of guidance ($10.3 billion-$11.2 billion). It beat the consensus at $10.6 billion and $2.82, as well as Cassidy&#8217;s estimate of $10.55 billion and $2.80. Management attributed the beat to broad-based strength across all QCT (Qualcomm CDMA Technologies) segments, Handsets, IoT, and Automotive, and emphasized disciplined cost control.
QCT revenue rose 18% Y/Y to $9.5 billion, led by strength in Handsets, IoT, and Automotive. Handset revenue grew 12% Y/Y to $6.9 billion, supported by Snapdragon 8 Gen 3 and Elite adoption. IoT increased 27% Y/Y to $1.6 billion, led by industrial applications and AI-enabled edge computing. Automotive surged 59% Y/Y to $959 million on new design wins and launches across global OEMs.
QCT is expected to grow ~12% Y/Y at the midpoint of third-quarter guidance, with continued strength in premium-tier Android, industrial, IoT, and auto; Automotive and IoT are guided to grow ~20% and 15% Y/Y, respectively. QTL (Qualcomm Technology Licensing) revenue is expected at $1.15 billion-$1.35 billion with a 67%-71% EBT margin.
For the third quarter, Qualcomm guided revenue to $9.9 billion-$10.7 billion and EPS to $2.60-$2.80, reflecting stable handset seasonality, strong IoT and auto demand, and a modest Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) share step-down.
Cassidy lowered his revenue estimate for the June quarter to $10.25 billion from $10.5 billion. Adjusted EPS is estimated to be $2.70, down from $2.82.
Benchmark: Qualcomm delivered a nearly $200 million upside revenue performance for the March quarter on strong broad-based demand strength across all its major markets. The company benefited marginally from Apple pull-ins in its handset business during the quarter. 
However, they were adamant that it did not see any material pull-ins and that customer orders remain reasonable and consistent. 
Qualcomm&#8217;s handset revenue has benefited from stronger subsidy-driven premium-tier Android shipments in the Chinese market. While Qualcomm indicated no material direct impact on its cost structure from tariffs, it did note some minor changes in demand.  
Qualcomm expects its licensing business to be about flat year-over-year for the June quarter and down about 5% sequentially, reflecting normal seasonality in handset units. In QCT, the company expects revenues of $8.7 billion-$9.3 billion, with annual revenue growth of about 12%, led by strength in handsets, which will likely be up 10% Y/Y, IoT, projected to grow 15% annually, and its Automotive business, that is forecast to grow 20% versus last year.
Qualcomm&#8217;s June quarter handset business will likely benefit from Samsung Electronics&#8217; (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) planned July launch of its new Fold and Flip models, which the analyst expect to be Snapdragon-based designs.
Regarding Qualcomm&#8217;s China exposure and the potential for increased tariffs to impact its business, it continues to see China as a standout strength, with increased subsidies driving higher premium-tier Android volumes. Qualcomm has seen no signs of a slowdown in design traction within its Chinese base, including in smartphones, PCs, automotive, and XR applications. The company is also encouraged by its increased momentum in its industrial business.
Acree projected third-quarter revenue of $10.31 billion and EPS of $2.71.
Price Action: Qualcomm stock is down 8.24% at $136.24 at last check Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/04/44895326/taiwan-semiconductor-confronts-challenges-of-us-chips-sanction-on-china" target="_blank" rel="noreferrer noopener">Taiwan Semiconductor Confronts Challenges Of US Chips Sanction On China</a></li>
</ul>
Image: Shutterstock

Reiteration

SSNLF

Qualcomm Stock Drops After Analysts Lower Price Targets, Despite Strong Demand from Apple and Samsung

Editor&#8217;s Note: The article has been udpated to correct the Stock Movers list.
Wall Street pushed higher in midday trading, with the S&amp;P 500 on track for its eighth consecutive gain — its longest winning streak since November 2023. The index rose about 1% to 5,560, fully recovering the losses sustained after former President Donald Trump announced <a href="https://www.benzinga.com/topic/tariffs">trade tariffs on April 2.</a>
Technology stocks led the rally, with the Nasdaq 100 climbing 1.5%. Strong and resilient corporate earnings continue to fuel investor appetite for risk, helping markets shrug off recent tariff concerns.
President Trump reassured investors, stating that progress on trade negotiations is going "very well" and that the timeline for the tax bill remains on schedule.
On the economic front, data continued to paint a weaker picture. After Wednesday's disappointing first-quarter GDP report, the ISM manufacturing PMI showed factory activity contracted for the second straight month in April. Meanwhile, price pressures surged at the fastest pace since June 2022, reflecting <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45139383/us-manufacturing-activity-contracts-in-april-as-tariffs-push-input-prices-toward-3-year-highs">inflationary effects from tariffs.</a>
Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>) was a standout gainer, soaring 8.60% after delivering a blowout quarter that beat expectations across the board, reinforcing its leadership in cloud and AI. The stock reached its highest level since late January.
Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) also topped estimates, with shares climbing more than 4%.
Sector-wise, technology outperformed, while health care lagged. Eli Lilly And Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) plunged over 9% after the pharmaceutical giant cut its 2025 guidance.
Crude oil erased early losses, rebounding to $58 per barrel after briefly dipping below $57. Gold slipped 2.2% to a two-week low.
The U.S. dollar strengthened to its highest level in over two weeks, bolstered by manufacturing surveys showing rising input costs tied to tariffs.
Treasury yields climbed for a second straight session, with the 10-year yield rising to 4.21%.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) surged past the $97,000 mark, hitting its highest level in over two months.
<h1 class="wp-block-heading">Thursday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>% chg.</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,853.70</td>
<td>+ 1.5%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,614.89</td>
<td>+ 0.9%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1,971.76</td>
<td>+ 0.4%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>40,802.25</td>
<td>+ 0.3%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated by 12:55 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 1% to $560.02.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 0.5% to $408.25.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;rose 1.6% to $483.23.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) inched 0.5% higher to $195.71.</li>
<li>The&nbsp;Technology&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) outperformed, up 2.6%; the&nbsp;Health Care&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>) lagged, down 2.3%.</li>
</ul>
<h1 class="wp-block-heading">Thursday&#8217;s Stock Movers</h1>
Stocks reacting to earnings reports included: Microsoft Corporation: up 8.30% Meta Platforms, Inc.: up 4.29% Eli Lilly And Co&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>): &#8211; 9.88% Mastercard Incorporated&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>): -0.20% McDonald's Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>): -1.24% Linde plc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIN#NASDAQ">LIN</a>): -1.14% Qualcomm Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>): -8.28% KKR &amp; Co. Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>): up 1.19% The Southern Company&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SO#NYSE">SO</a>): up 0.22% Intercontinental Exchange, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>): up 1.83% KLA Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>): -2.43% CVS Health Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>): up 6.23% Equinix, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EQIX#NASDAQ">EQIX</a>): -0.16% Parker-Hannifin Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PH#NYSE">PH</a>): up 0.70% Air Products and Chemicals, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APD#NYSE">APD</a>): -0.09% Howmet Aerospace Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HWM#NYSE">HWM</a>): up 7.44% Carrier Global Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARR#NYSE">CARR</a>): up 11% Aflac Incorporated&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AFL#NYSE">AFL</a>): -4% Public Storage&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSA#NYSE">PSA</a>): -0.18% The Allstate Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>): -1.27% MetLife, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MET#NYSE">MET</a>): up 0.47% W.W. Grainger, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWW#NYSE">GWW</a>): Up 2.14% Becton, Dickinson and Company&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BDX#NYSE">BDX</a>): -15.73% Quanta Services, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PWR#NYSE">PWR</a>): up 10.10% Exelon Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXC#NASDAQ">EXC</a>): -0.33% Dominion Energy, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/D#NYSE">D</a>): up 0.91%
Stocks slated to report earnings after the bell include Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Amgen Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMGN#NASDAQ">AMGN</a>), Arthur J. Gallagher &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AJG#NYSE">AJG</a>), Airbnb Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>), Atlassian Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NASDAQ">TEAM</a>), Motorola Solutions Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSI#NYSE">MSI</a>), EOG Resources Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EOG#NYSE">EOG</a>), American International Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIG#NYSE">AIG</a>), Consolidated Edison Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ED#NYSE">ED</a>), Ingersoll Rand Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IR#NYSE">IR</a>), DexCom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXCM#NASDAQ">DXCM</a>), Monolithic Power Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPWR#NASDAQ">MPWR</a>), Ameren Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEE#NYSE">AEE</a>), GoDaddy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDDY#NYSE">GDDY</a>), Mettler-Toledo International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTD#NYSE">MTD</a>), MicroStrategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), Eversource Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ES#NYSE">ES</a>), Hologic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOLX#NASDAQ">HOLX</a>), Mohawk Industries Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MHK#NYSE">MHK</a>), Camden Property Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPT#NYSE">CPT</a>) and Live Nation Entertainment Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>).
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Broad U.S. Equity ETFs

Econ #s

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$BTC

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DXCM

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HOLX

MPWR

MSFT

MSTR

TEAM

Wall Street Eyes 8th Positive Day As S&P 500 Recoups Tariff-Led Losses, Bitcoin Rallies To $97,000: What's Driving Markets Thursday? (CORRECTED)

Cantor Fitzgerald analyst Matthew Prisco maintains Qualcomm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) with a Neutral and maintains $150 price target.

Cantor Fitzgerald Maintains Neutral on Qualcomm, Maintains $150 Price Target

Wells Fargo analyst Aaron Rakers maintains Qualcomm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) with a Underweight and lowers the price target from $175 to $140.

Wells Fargo Maintains Underweight on Qualcomm, Lowers Price Target to $140

Susquehanna analyst Christopher Rolland maintains Qualcomm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) with a Positive and lowers the price target from $210 to $190.

Susquehanna Maintains Positive on Qualcomm, Lowers Price Target to $190

Baird analyst Tristan Gerra maintains Qualcomm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) with a Outperform and lowers the price target from $250 to $216.

Baird Maintains Outperform on Qualcomm, Lowers Price Target to $216

U.S. stock futures were higher this morning, with the Dow futures gaining around 300 points on Thursday.
Shares of QUALCOMM Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) fell sharply in today's pre-market trading as the company reported <a href="https://in.benzinga.com/news/earnings/25/04/45115978/qualcomm-beats-q2-expectations-on-earnings-revenue-ceo-highlights-focus-on-critical-factors-we-can-control">second-quarter financial results</a>.
Qualcomm reported second-quarter revenue of $10.84 billion, up 15% year-over-year. The revenue total beat a Street consensus estimate of $10.65 billion, according to data from Benzinga Pro. The company reported second-quarter non-GAAP earnings per share of $2.85, up 17% year-over-year. The total beat a Street consensus estimate of $2.81.
Qualcomm is guiding for third-quarter revenue to come in a range of $9.9 billion to $10.7 billion. Analysts expect $10.35 billion, according to data from Benzinga Pro. Qualcomm is guiding for third-quarter earnings per share in a range of $2.60 to $2.80 versus an analyst estimate of $2.67.
Qualcomm shares dipped 5.3% to $140.57 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul>
<li>Super Group (SGHC) Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGHC#NYSE">SGHC</a>) shares dipped 23.3% to $6.22 in pre-market trading.</li>
<li>Vestis Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSTS#NYSE">VSTS</a>) shares tumbled 13.2% to $7.60 in pre-market trading. Vestis will report its fiscal second quarter earnings results after the closing bell on Tuesday, May 6.</li>
<li>Reservoir Media, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RSVR#NASDAQ">RSVR</a>) fell 13.2% to $6.51 in pre-market trading.</li>
<li>Confluent, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CFLT#NASDAQ">CFLT</a>) declined 10.3% to $21.35 in pre-market trading as the company reported first-quarter financial results.</li>
<li>Granite Construction Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GVA#NYSE">GVA</a>) dropped 10.2% to $73.01 in pre-market trading.</li>
<li>Pilgrim&#8217;s Pride Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) tumbled 6.5% to $51.01 in pre-market trading after the company reported worse-than-expected first-quarter financial results.</li>
<li>Inter &amp; Co, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTR#NASDAQ">INTR</a>) fell 4.5% to $6.32 in pre-market trading.</li>
</ul>
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</ul>
Photo via Shutterstock

Pre-Market Outlook

CFLT

INTR

RSVR

SGHC

VSTS

Qualcomm, Confluent, Pilgrim's Pride And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Piper Sandler raised Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) price target from $435 to $475. Piper Sandler analyst Brent Bracelin maintained an Overweight rating. Microsoft shares closed at $395.26 on Wednesday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Benchmark cut the price target for QUALCOMM Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) from $240 to $200. Benchmark analyst Cody Acree maintained a Buy rating. Qualcomm shares closed at $148.46 on Wednesday. <a href="https://www.benzinga.com/quote/QCOM/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Needham cut Crocs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>) price target from $129 to $118. Needham analyst Tom Nikic maintained a Buy rating. Crocs shares closed at $96.42 on Wednesday. See how other analysts <a href="https://www.benzinga.com/quote/CROX/analyst-ratings">view this stock</a>.</li>
<li>D. Boral Capital slashed the price target for TETRA Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTI#NYSE">TTI</a>) from $5.5 to $4. D. Boral Capital analyst Jesse Sobelson maintained a Buy rating. TETRA Technologies shares closed at $2.85 on Wednesday. <a href="https://www.benzinga.com/quote/TTI/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Rosenblatt increased the price target for Western Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>) from $50 to $53. Rosenblatt analyst Kevin Cassidy maintained a Buy rating. Western Digital shares closed at $43.86 on Wednesday. <a href="https://www.benzinga.com/quote/WDC/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Needham lowered Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) price target from $62 to $58. Needham analyst John Todaro maintained a Buy rating. Robinhood shares settled at $49.11 on Wednesday. <a href="https://www.benzinga.com/quote/HOOD/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Rosenblatt increased Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) price target from $846 to $918. Rosenblatt analyst Barton Crockett maintained a Buy rating. Meta shares closed at $549.00 on Wednesday. <a href="https://www.benzinga.com/quote/META/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Needham cut Etsy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETSY#NASDAQ">ETSY</a>) price target from $60 to $55. Needham analyst Bernie McTernan maintained a Buy rating. Etsy shares closed at $43.48 on Wednesday.  <a href="https://www.benzinga.com/quote/ETSY/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Piper Sandler lowered the price target for PTC Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTC#NASDAQ">PTC</a>) from $202 to $180. Piper Sandler analyst Clarke Jeffries maintained a Neutral rating. PTC shares settled at $154.97 on Wednesday. <a href="https://www.benzinga.com/quote/PTC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Needham increased eBay Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>) price target from $72 to $78. Needham analyst Bernie McTernan maintained a Buy rating. eBay shares closed at $68.16 on Wednesday. <a href="https://www.benzinga.com/quote/EBAY/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying MSFT stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/01081837/image-8-1024x576.png" alt="" class="wp-image-896732" style="width:569px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/01081837/image-8-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/01081837/image-8-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/01081837/image-8-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/01081837/image-8.png 1130w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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</ul>
Photo via Shutterstock

CROX

EBAY

ETSY

HOOD

Microsoft To Rally More Than 20%? Here Are 10 Top Analyst Forecasts For Thursday

<h3>Gainers</h3>
<ul>
<li>Nvni Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVNI#NASDAQ">NVNI</a>) shares moved upwards by 39.0% to $0.63 during Thursday's pre-market session. The market value of their outstanding shares is at $57.7 million. </li>
<li>E2open Parent Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETWO#NYSE">ETWO</a>) shares increased by 26.39% to $2.49. The market value of their outstanding shares is at $771.8 million. As per the news, the Q4 earnings report came out 2 days ago. </li>
<li>TTM Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTMI#NASDAQ">TTMI</a>) shares moved upwards by 14.88% to $23.0. The company's market cap stands at $2.3 billion. The company's, Q1 earnings came out yesterday. </li>
<li>Oblong (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OBLG#NASDAQ">OBLG</a>) shares rose 14.34% to $2.79. The company's market cap stands at $3.2 million. </li>
<li>Netgear (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTGR#NASDAQ">NTGR</a>) stock increased by 13.8% to $27.45. The market value of their outstanding shares is at $790.0 million. The company's, Q1 earnings came out yesterday. </li>
<li>Unisys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UIS#NYSE">UIS</a>) stock moved upwards by 13.35% to $4.5. The company's market cap stands at $319.8 million. As per the news, the Q1 earnings report came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Argo Blockchain plc - 8.75% Senior Notes due 2026 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARBKL#NASDAQ">ARBKL</a>) shares fell 12.3% to $5.7 during Thursday's pre-market session. </li>
<li>Confluent (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CFLT#NASDAQ">CFLT</a>) stock fell 9.29% to $21.6. The company's market cap stands at $7.3 billion. The company's, Q1 earnings came out yesterday. </li>
<li>ChipMOS TECHNOLOGIES (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMOS#NASDAQ">IMOS</a>) shares decreased by 6.12% to $15.5. The market value of their outstanding shares is at $555.8 million. </li>
<li>Qualcomm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) shares declined by 5.7% to $140.01. The company's market cap stands at $154.8 billion. As per the news, the Q2 earnings report came out yesterday. </li>
<li>Silvaco Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVCO#NASDAQ">SVCO</a>) stock fell 5.08% to $5.05. The company's market cap stands at $144.7 million. </li>
<li>Smith Micro Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMSI#NASDAQ">SMSI</a>) stock fell 5.0% to $0.94. The market value of their outstanding shares is at $18.2 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Argo Blockchain plc - 8.75% Senior Notes due 2026

ARBKL

ETWO

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NVNI

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SVCO

TTMI

12 Information Technology Stocks Moving In Thursday's Pre-Market Session

Rosenblatt analyst Kevin Cassidy maintains Qualcomm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) with a Buy and maintains $225 price target.

Rosenblatt Maintains Buy on Qualcomm, Maintains $225 Price Target

Benchmark analyst Cody Acree maintains Qualcomm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) with a Buy and lowers the price target from $240 to $200.

Benchmark Maintains Buy on Qualcomm, Lowers Price Target to $200

U.S. stock futures climbed early Thursday, buoyed by strong earnings reports from two of the "Magnificent 7" companies after Wednesday's market close.
While markets were rattled by the Commerce Department's report of a 0.3% GDP contraction, major indexes rebounded and ended the previous session in positive territory.
Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) both topped earnings and revenue expectations, rising 6.63% and 7.40% in pre-market trading, respectively. 
Meanwhile, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) slipped 0.54% in pre-market trading amid unverified rumors that the board was searching for a replacement for CEO Elon Musk — claims the company <a href="https://www.benzinga.com/markets/equities/25/05/45126370/elon-musk-will-remain-tesla-ceo-for-at-least-5-years-says-dan-ives-as-company-calls-replacement-rumors-absolutely-false">has since dismissed as false. </a>
On Thursday, investors will be closely watching the earnings of Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Mastercard Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>), and Airbnb Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>), with high expectations following a series of strong performances over the past couple of days.
See Also: <a href="https://www.benzinga.com/25/04/45031652/trumps-ai-and-crypto-czar-david-sacks-says-musk-isnt-out-of-doge-just-rationing-his-time-at-the-department-as-tesla-stock-surges-24-in-the-past-five-days" target="_blank" rel="noreferrer noopener">Trump's AI And Crypto Czar David Sacks Says Elon Musk Going To ‘Stay Involved' In DOGE, Calls Entrepreneur Rationing His Time Sensible</a><a href="https://www.benzinga.com/go/plus500-futures" target="_blank" rel="noreferrer noopener"></a><a href="https://www.benzinga.com/go/plus500-futures" target="_blank" rel="noreferrer noopener"></a>
U.S. 10-Year Treasuries are at 4.15%, while the 2-Year Treasuries are at 3.60%. The CME Group's FedWatch&nbsp;<a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html" target="_blank" rel="noreferrer noopener">tool</a>&nbsp;shows the markets pricing a 95% likelihood of interest rates remaining unchanged during the FOMC meeting that is scheduled to take place the first week of May, which marks an increase from 92.4% on Wednesday.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td class="has-text-align-center" data-align="center">Futures</td>
<td class="has-text-align-center" data-align="center">Change (+/-)</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Dow Jones</td>
<td class="has-text-align-center" data-align="center">0.83%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">S&amp;P 500</td>
<td class="has-text-align-center" data-align="center">1.30%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Nasdaq 100</td>
<td class="has-text-align-center" data-align="center">1.78%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Russell 2000</td>
<td class="has-text-align-center" data-align="center">0.46%</td>
</tr>
</tbody>
</table>
</figure>
The&nbsp;SPDR S&amp;P 500 Trust ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was up 0.04% on Monday, while the&nbsp;Invesco QQQ Trust&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which tracks the Nasdaq-100 Index, was down 0.013%, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;138z7gr&#x2A;_gcl_au&#x2A;MjA5Njc0MjY1My4xNzQwODM2NTUw&#x2A;_ga&#x2A;R1MxLjEuMTc0NDY0ODA3Mi4yLjAuMTc0NDY0ODA3NS4wLjAuMA..&#x2A;_ga_V7ZK73W7N0&#x2A;MTc0NTgyOTMzMy4xLjEuMTc0NTgyOTYyMy4wLjAuMA..">Benzinga Pro</a>&nbsp;data.
Cues From Last Session:
Wednesday was a mixed bag for S&amp;P 500 sectors, with healthcare, industrials, and consumer staples posting good gains, while the energy segment dropped 2.70% on dropping crude oil prices and growing concerns of a recession following the latest GDP figures.
The Dow Jones Industrial Average was up 0.35% during the day, while the Nasdaq Composite Index was down marginally, by 0.086%.
The markets were rattled by disappointing economic data during the session, particularly the GDP figures at -0.3%, down from 2.4% last year, and against a consensus estimate of 0.4%. Besides this, the Personal Consumption Expenditures (PCE) index came in at 2.3%, ahead of estimates at 2.2%, thwarting any possibility of a rate cut in May.
As of Tuesday, the Nasdaq 100 index was down 11.93% from its previous high of 22,222.61 points. The S&amp;P 500 index was 9.40% lower, as compared to the last record high of 6,147.43 points. On the other hand, Dow Jones was down 9.77% from its 52-week high of 45,073.63 points.
The Dow Jones index jumped 141 points or 0.35% to 40,669.36, whereas the S&amp;P 500 index surged 0.15% to 5,569.06. Nasdaq Composite ended 0.086% lower at 17,446.34, and the small-cap gauge, Russell 2000, was down 0.63%, trading at 1,964.12.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td class="has-text-align-center" data-align="center">Index</td>
<td class="has-text-align-center" data-align="center">Performance (+/-)</td>
<td class="has-text-align-center" data-align="center">Value</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Nasdaq Composite</td>
<td class="has-text-align-center" data-align="center">-0.086%</td>
<td class="has-text-align-center" data-align="center">17,446.34</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">S&amp;P 500</td>
<td class="has-text-align-center" data-align="center">0.15%</td>
<td class="has-text-align-center" data-align="center">5,569.06</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Dow Jones</td>
<td class="has-text-align-center" data-align="center">0.35%</td>
<td class="has-text-align-center" data-align="center">40,669.36</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Russell 2000</td>
<td class="has-text-align-center" data-align="center">-0.63%</td>
<td class="has-text-align-center" data-align="center">1,964.12</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Ryan Detrick, a Chartered Market Technician, posted on X that markets shouldn&#8217;t be overly worried about the first-quarter GDP contraction, attributing the decline to companies front-loading imports to get ahead of upcoming tariffs.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Q1 GDP negative got the headlines this AM, but much of that was due to inventories and companies buying ahead of tariffs. Final Demand slowed, but was still fairly solid. Bottom line? Economy slowed ahead of tariffs, but isn&#39;t in a recession. <a href="https://twitter.com/sonusvarghese?ref_src=twsrc%5Etfw">@sonusvarghese</a> breaks it down. <a href="https://t.co/1mXl3edFGk">https://t.co/1mXl3edFGk</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1917678441484411033?ref_src=twsrc%5Etfw">April 30, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Detrick notes that final demand has slowed, but is still &#8220;fairly solid.&#8221; The &#8220;Bottom Line,&#8221; he says, is that the economy slowed ahead of the tariffs, but this isn&#8217;t a recession.
Upcoming Economic Data:
Here&#8217;s what investors will be watching on Thursday:
<ul>
<li>The Initial Jobless Claims Report is set to be released by 8:30 AM ET. </li>
<li>The S&amp;P Final U.S. Manufacturing PMI for April will be released at 9:45 AM ET. </li>
<li>ISM Manufacturing and Construction Spending for April and March, respectively, will be released by 10:00 AM ET. </li>
<li>April Auto Sales figures will be announced during the day, with no time specified.</li>
</ul>
Stocks In Focus:
<ul>
<li>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) will be announcing its second quarter results after markets close. The stock is down 1.10% pre-market, with analysts expecting the company to post $1.62 per share in earnings, from $94.6 billion in revenue. </li>
<li>Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) is up 4.01% pre-market, as the company is expected to release its first quarter results on Thursday, after markets close. Analysts expect earnings at $1.36 per share, from $155.1 billion in revenue. </li>
<li>Eli Lilly And Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) is up 1.95% pre-market as investors wait in anticipation of the company&#8217;s first quarter results in the morning. Consensus estimates expect $3.46 per share in earnings, on $12.7 billion in revenue. </li>
<li>Mastercard Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>) will be releasing its first quarter results in a couple of hours, before markets open. The stock is up 0.31% pre-market, and analysts expect the company to post $3.56 per share in earnings, from $7.1 billion in revenue. </li>
<li>McDonald&#8217;s Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) will be announcing its first quarter results before markets open, with analysts expecting $2.67 per share in earnings, on $6.12 billion in revenue. The stock is down 1.51% pre-market.</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures continue to touch new lows, with the commodity down 2.31% in the early New York session, trading at $56.91 per barrel, amid growing recession fears.
Gold Spot US Dollar is down yet again, by 2.56%, hovering around 3,223.74 per ounce, down from its record high of $3,500.33 per ounce last week. The U.S. Dollar Index is up 0.39%, trading at the 99.8543 level.
Asian markets are mixed on Thursday, with Japan&#8217;s Nikkei, India&#8217;s Nifty 50, and the Hang Seng Index ending the day in the green, while South Korea&#8217;s KOSPI and China&#8217;s Shanghai index are down for the day. Australia&#8217;s ASX 200 is up, along with New Zealand&#8217;s NZX 50.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/25/05/45127052/el-erians-monthly-asset-performance-table-highlights-oils-20-loss-bitcoin-and-golds-gain" target="_blank" rel="noreferrer noopener">Bitcoin, Gold Shine In April While Stocks, Oil Suffer— Mohamed El-Erian Flags Diverging Market Trends</a></li>
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Photo: Shutterstock

General

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US Stock Futures Rise As Meta, Microsoft Earnings Fuel Optimism: GDP Slump Linked To Tariff Anticipation, Not Recession, Says Analyst

Qualcomm shares are trading lower. The company reported Q2 financial results.

Shares of Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) rose sharply in pre-market trading after the company posted <a href="https://in.benzinga.com/news/earnings/25/04/45117948/meta-q1-earnings-eps-beat-revenue-up-16-ai-approaches-1-billion-monthly-actives-capital-expenditures-forecast-raised">upbeat results for its first quarter.</a>
The company reported first-quarter earnings of $6.43 per share, easily beating analyst estimates of $5.21 per share. Meta expects second-quarter revenue to be in the range of $42.5 billion to $45.5 billion versus Benzinga Pro estimates of $44.06 billion.
Meta shares jumped 6.1% to $582.50 in pre-market trading
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>NanoVibronix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAOV#NASDAQ">NAOV</a>) rose 81.8% to $5.20 in pre-market trading after dipping around 23% on Wednesday.</li>
<li>LogicMark, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGMK#NASDAQ">LGMK</a>) surged 48.8% to $0.0259 in pre-market trading after gaining over 6% on Wednesday.</li>
<li>Pineapple Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAPL#NYSE">PAPL</a>) gained 27.8% to $0.2750 in pre-market trading.</li>
<li>E2open Parent Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETWO#NYSE">ETWO</a>) surged 27.4% to $2.51 in pre-market trading. E2open Parent Holdings shares fell 6% on Wednesday after the company reported worse-than-expected fourth-quarter sales results.</li>
<li>Interactive Strength Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRNR#NASDAQ">TRNR</a>) jumped 19.1% to $0.7695 in pre-market trading after the company issued shareholder update on 2025 developments.</li>
<li>Alset Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEI#NASDAQ">AEI</a>) gained 9.5% to $1.04 in pre-market trading.</li>
<li>Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) rose 8.2% to $427.72 in pre-market trading after the company reported better-than-expected third-quarter financial results.</li>
<li>Arista Networks Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) gained 7.7% to $88.61 in pre-market trading.</li>
<li>Schneider National, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNDR#NYSE">SNDR</a>) gained 7% to $23.00 in pre-market trading.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>biote Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTMD#NASDAQ">BTMD</a>) shares dipped 46% to $1.80 in pre-market trading. biote will provide first quarter financial results after the closing bell on Wednesday, May 7.</li>
<li>Super Group (SGHC) Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGHC#NYSE">SGHC</a>) shares fell 23.3% to $6.22 in pre-market trading.</li>
<li>Coya Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COYA#NASDAQ">COYA</a>) shares fell 20.3% to $5.25 in pre-market trading after gaining 8% on Wednesday.</li>
<li>NextNav Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NN#NASDAQ">NN</a>) fell 18.5% to $10.12 in pre-market trading.</li>
<li>Potbelly Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PBPB#NASDAQ">PBPB</a>) fell 13.6% to $7.00 in pre-market trading. Potbelly will hold a conference call to discuss first quarter results on May 7.</li>
<li>Vestis Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSTS#NYSE">VSTS</a>) shares tumbled 13.2% to $7.60 in pre-market trading. Vestis will report its fiscal second quarter earnings results after the closing bell on Tuesday, May 6.</li>
<li>Reservoir Media, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RSVR#NASDAQ">RSVR</a>) declined 13.2% to $6.51 in pre-market trading.</li>
<li>Zhengye Biotechnology Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZYBT#NASDAQ">ZYBT</a>) dipped 11.1% to $8.10 in pre-market trading.</li>
<li>Confluent, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CFLT#NASDAQ">CFLT</a>) fell 10.3% to $21.35 in pre-market trading as the company reported first-quarter financial results.</li>
<li>QUALCOMM Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) fell 5.3% to $140.57 in today's pre-market trading as the company reported second-quarter financial results.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/media/25/04/45098332/jim-cramer-this-tech-stock-is-not-great-not-bad-alaska-air-can-still-go-lower">Jim Cramer: This Tech Stock Is &#8216;Not Great, Not Bad&#8217;, Alaska Air Can Still Go Lower</a> </li>
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Photo via Shutterstock

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Date	Put/Call	Strike Price	Exp Date	DTE	Trade Vol	Day Vol	Vol / OI	OI	Trade Type	Sentiment
11:51 AMFeb 20, 2025	CALL	$170.00	Feb 21, 2025	-75	1081	1598	7	15219	TRADE	BULLISH
09:52 AMFeb 20, 2025	CALL	$210.00	Jan 15, 2027	618	13	377	0	7072	SWEEP	BEARISH
09:48 AMFeb 18, 2025	CALL	$210.00	Jan 15, 2027	618	0	407	0	7859	SWEEP	BEARISH
09:49 AMFeb 14, 2025	CALL	$210.00	Jan 15, 2027	618	419	419	5	8260	SWEEP	BEARISH
10:12 AMFeb 13, 2025	CALL	$210.00	Jan 15, 2027	618	665	665	7	8894	SWEEP	BEARISH