QUALCOMM INC/DE
No SEC Form 4 filings for $QCOM in the last 30 days.
Wall Street closed higher Wednesday as health care and consumer stocks lifted the Dow to a record. The S&P 500 and Nasdaq also finished at record highs for a second straight day, though investors paused after an AI-led run. Dow rose 0.36% to 50,644.28; S&P 500 up 0.02% to 7,520.36; Nasdaq up 0.07% to 26,674.74. JPMorgan fell 2.4% after Dimon warned expenses could be $1B higher.
Micron and Marvell led a rally in AI- and tech-related stocks at the start of the week, with Micron’s market capitalization topping $1 trillion for the first time. The move followed strong earnings and optimism for more results, including Marvell’s report Wednesday and Dell’s later this week. UBS raised its Micron price target to $1,625; HSBC upgraded Marvell to “buy.”
According to a Reuters report, Goldman Sachs raised its year-end 2026 S&P 500 target to 8,000 from 7,600, citing resilient corporate earnings and continued AI investment. The update implies about 6.4% upside. Goldman also lifted S&P 500 EPS forecasts to $340 for 2026 (+24% y/y) and $385 for 2027 (+13%).
