Shares are now up more than 12% from the low, climbing with conviction as technical indicators increasingly support the bulls. The relative strength index (RSI) is at its highest since February, while the Moving Average Convergence Divergence (MACD) is trending upward, suggesting momentum remains firmly on the side of buyers.
Since hitting a multi-year low at the start of April, Qualcomm shares have bounced nearly 25%. The stock is working hard to erase its 2025 losses and potentially finish the first half of the year in the green. That kind of reversal tends to catch the attention of institutional money managers, particularly when the underlying valuation is compelling.
