Why Shares of Qualcomm Continued Climbing 12.1% in August

Why Shares of Qualcomm Continued Climbing 12.1% in August

Shares of Qualcomm (NASDAQ: QCOM) rose 12.1% in August, according to data from S&P Global Market Intelligence. The mobile phone chipmaker's August results were all the more remarkable considering that the stock had already increased 15.8% in July. Qualcomm released positive earnings on July 30 with beat analyst expectations, and also announced a new licensing deal with Chinese smartphone giant Huawei on its earnings call.