Institutional investment led by ABN Amro drives Qualcomm stock to fresh gains

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Qualcomm gains 3.04% today to $208.39

Highlights

Qualcomm posted record quarterly revenue of $11.7 billion, up 18% year-over-year, with EPS climbing 24% to $3.41.
Significant growth in automotive (+61%) and IoT (+36%) segments, driven by agentic AI smartphone demand and new partnerships, supported performance.
Technicals show robust bullish momentum with price trading near highs; expected five-day range is $200 to $216, with upside breakout likely.

Record revenues and institutional buying fuel bullish sentiment

Qualcomm’s stock is propelled higher as the company delivered record revenues of $11.7 billion for the start of fiscal year 2025, representing an 18% jump year-over-year, with EPS rising 24% to $3.41. This robust financial performance is supported by substantial growth across key verticals, with automotive revenues soaring 61% and IoT segment revenues advancing 36%, driven by rising demand for agentic AI smartphones and expanded partnerships, notably with Stellantis in the automotive technology space. Institutional participation has increased as well, illustrated by ABN Amro Investment Solutions boosting its stake in Q4, adding liquidity and further validating the positive business momentum.

Strong breakout confirmed as momentum and support levels align

Technically, QCOM is trading well above the SMA-20 at $186.56, SMA-50 at $152.89, and SMA-200 at $159.77. The Ichimoku Kijun level is at $189.85, currently acting as strong support. Momentum indicators are robust, with MACD on a strong buy signal and ADX reading at 36.01 confirming trend strength. RSI stands at 60.94 in bullish territory, Stoch RSI flashes an oversold condition, and CCI is neutral. BBP is deeply overbought (6.92), while the Awesome Oscillator remains neutral. An upward gap at today’s open and action near session highs highlight persistent bullish intraday tone and high volatility.

Consolidation likely as upside momentum tempers pullback risks

Looking ahead over the next five sessions, the typical volatility band is projected between $200.00 and $216.00. Technicals and weekly indicators point to a high probability — over 80% — of continued upward movement, making a significant pullback less likely. The baseline scenario anticipates consolidation within this range with possible tests of both boundaries. Should bullish momentum remain strong, a push above $216 is plausible, while an unexpected increase in selling could drive a retest of $200 support, though a substantial downside break currently appears less probable.

Viktoras Karapetjanc, expert at Traders Union, sees Qualcomm’s record revenue and double-digit EPS growth as powerful signals of operational strength and rising investor confidence. He believes expanding partnerships and strong momentum in key verticals further support the share’s constructive outlook. With robust technical and macro-fundamental alignment, Karapetjanc maintains a positive stance on QCOM. "Solid earnings and sector leadership keep QCOM well positioned — I expect the bullish trend to continue in the near term."

Earlier, analysts noted that Qualcomm was demonstrating continued bullish momentum supported by robust earnings growth and strong demand for its AI-driven products. The latest data not only reinforces this outlook but also elevates the focus to a potential test of the $216 resistance zone in the near term as upward momentum persists.

Source of Data: QCOM Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.