Qualcomm shares jump 8 percent before April 29 earnings can the rally last

Intel’s results sparked the surge but QCOM must prove it

Qualcomm’s stock surged more than 8% as investors piled into semiconductors after strong Intel earnings and improving industry sentiment. Still, the rally’s durability hinges on Qualcomm’s April 29 report, where investors will weigh demand signals against lingering smartphone weakness and memory constraints. The next update could determine whether momentum continues or fades.