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Barchart
Barchart
Wajeeh Khan

As Qualcomm Surges on Data Center Demand, Should You Chase QCOM Stock Here?

Qualcomm QCOM QCO

Qualcomm (QCOM) shares are pushing higher on Thursday even though the company posted only in-line financials for its Q2 and missed consensus on the guidance front. 

The post-earnings surge drove QCOM’s relative strength index (RSI) into the late 80s, indicating extremely overbought conditions that often trigger a meaningful pullback. 

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