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Why Qualcomm is outperforming the rest of the market today?

Published Source: CryptoPolitanRead original

Crypto Insight Summary: Qualcomm (NASDAQ: QCOM) is one of Tuesday’s biggest movers, climbing 4% even as most of Wall Street headed lower. The jump came after the chipmaker announced a major data center partnership with Amazon (NASDAQ: AMZN) Web Services. Qualcomm told the Securities and Exchange Commission that Amazon received warrants covering 25 million Qualcomm shares. Amazon can... Crypto Insight Analysis: Direction: Neutral Impact: No Impact Horizon: Short-term (1-3 days) Reasoning: Qualcomm's deal with AWS is stock-specific and unlikely to impact crypto market sentiment.

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Why Qualcomm is outperforming the rest of the market today? — Crypto Insight