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How is Qualcomm the best-performing chip stock right now, with over 40% gain this week?
May 23, 2026
< 1 min read
by Jai Hamid
for CryptoPolitan
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AI Overview
Qualcomm surged 12% on Friday, delivering a 40.3% rally for the week and about a 75% gain over the past month while repeatedly hitting all-time highs, and the iShares Semiconductor ETF (SOXX) recorded its first intraday record. Strength in semiconductors could tighten supply and lift demand for crypto mining hardware and GPU-driven DeFi infrastructure, potentially supporting crypto adoption and hardware-linked token markets.
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Qualcomm (NASDAQ: QCOM) has become the loudest name in the chip trade this week, surging by 12% on Friday to make it a 40.3% rally for the week, and is now up about 75% over the past month, breaking all-time highs after all-time highs. Meanwhile, the iShares Semiconductor ETF (SOXX) hit its first intraday record...
