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Latest Stock Market Updates

Qualcomm Shares Surge 13% Despite Weak Outlook for Third Quarter

Key Points: Qualcomm beat Wall Street estimates with $10.59 billion in second-quarter revenue and $2.65 in earnings per share. The company expects third-quarter revenue between $9.2 billion and $10 billion, missing the $10.23 billion analyst target. Global smartphone shipments dropped 4.1% to 289.7 million units in the first quarter of 2026. Chief Executive Officer Cristiano Amon will reveal a new data center strategy at the...

PayPal CEO Enrique Lores Splits Venmo Into Standalone Business to Drive Growth

Key Points: PayPal will separate Venmo into its own business segment to track progress and explore a potential sale. Shares of the payment company jumped 3% after news of the major corporate reorganization broke. New CEO Enrique Lores inherited a struggling company whose stock fell 80% from its pandemic peak. The structural changes pause a previous plan to cut 15% of the global workforce. PayPal...

NXP Semiconductors Stock Jumps 26 Percent on Massive Earnings Beat

Key Points: NXP Semiconductors shares surged 26 percent on Wednesday to mark its best trading day since going public in 2010. The Dutch chipmaker crushed expectations by posting adjusted earnings of $3.05 per share on $3.18 billion in total revenue. Chief Executive Officer Rafael Sotomayor expects data center revenue to jump from $200 million last year to over $500 million in 2026. Top Wall Street...