
QCOM Stock Up 1%, Qualcomm Received Buy Ratings Despite Shrinking Market Share in China
Qualcomm’s market share in China fell to 25.4% in 2020 versus 37.9% in 2019.
President Donald Trump has recently announced a number of executive orders that aroused global uncertainties and resulted in bitcoin price recovery.
Qualcomm’s market share in China fell to 25.4% in 2020 versus 37.9% in 2019.
The acquisition process began back in July 2019 when Cisco agreed to purchase the networking chips maker Acacia for about $2.6 billion.
The move to suspend Trump’s YouTube channel ostensibly came after civil rights groups threatened to organize an ad boycott against the firm.
The decision to block Trump has everything to do with his silence on his various social media handles on the riot in the Capital City caused by his supporters.
Shortly after Larimer’s resignation became public, EOS dropped by 18%. At press time, EOS is trading at $2.74 which shows a 30% drop.
The US Congress now has the democrats in the majority and this may get the Biden administration a free ride to getting the new stimulus bill to be approved.
Economists from Goldman Sachs Group have revised their Q1 GDP forecast to see a growth of 5% though earlier they expected a 3% increase.
Just as expected, the market has reacted to this news. The S&P futures (INDEXSP: INX) recorded a surge of 0.62% right after the Christmas holiday.
The uncertainty about the relief measures puts the market on the edge. President Trump has noted that the $900 billion package isn’t suitable and has called for increasing direct payments from $600 to $2000.
The relief package incorporates, among others, increased jobless benefits, small business loans, education funding, the $600 stimulus checks and funding to aid the supply and distribution of Covid-19 vaccines.