The regular session of the US market on Wednesday is now over, but let's get a preview of the after-hours session and explore the top S&P500 gainers and losers driving the post-market movements.
As the regular session of the US market on Wednesday comes to an end, let's delve into the after-hours session and discover the top gainers and losers shaping the post-market sentiment.
Wireless chipmaker Qualcomm (NASDAQ:QCOM) announced better-than-expected revenue in Q1 CY2025, with sales up 16.9% year on year to $10.98 billion. The company expects next quarter’s revenue to be around $10.3 billion, close to analysts’ estimates. Its non-GAAP profit of $2.85 per share was 1.2% above analysts’ consensus estimates.
Qualcomm Inc (QCOM) to report Q2 earnings. Stock down 11.44% over past year, but outperforming chip sector. Wall Street focused on Trump tariffs and potential loss of Apple's modem chip business.
Wall Street traded lower on the final session of the month, heading for its third consecutive monthly loss as economic data began reflecting the impact of Trump tariffs.
U.S. stock futures are down Wednesday morning, despite major averages ending up on Tuesday, and the S&P 500 and Dow Jones notching their sixth-straight day in the green, the longest streak for the indexes in months.
Notwithstanding the resurgence seen since last week, the market is likely to end April with a monthly loss, with the S&P 500 down 0.90% with a session to go.
"Just how much did Marjorie Taylor Greene make when she bought the dip?" Alexandria Ocasio-Cortez asks in the caption of a YouTube video calling for a ban on Congressional trading.
Chamath Palihapitiya warned that Huawei is using a "low-end disruptor" strategy to challenge Western tech giants like Nvidia, as China accelerates its push for tech independence amid rising U.S.-China tensions.
Visteon (NASDAQ: VC) and Qualcomm (NASDAQ: QCOM) have launched a next-gen AI cockpit platform, combining voice control, vehicle data, and immersive visuals. Powered by cognitoAI and Snapdragon Cockpit Elite, the system delivers smart, real-time responses without cloud reliance.
