On this episode of Stock Movers:
- Qualcomm (QCOM) is lower on news China is probing Qualcomm for suspected violation of the anti-monopoly law, according to a statement from the State Administration for Market Regulation. Qualcomm failed to meet China’s anti-monopoly requirement of reporting acquisition of Autotalks, a direct vehicle-to-everything communication solutions provider, to the regulator, the statement says.
- Applied Digital (APLD) is higher after the firm said it’s now in advanced discussions with a hyperscaler client for its second data center campus in North Dakota. First-quarter revenue was well ahead of estimates due to one-time income from tenant fit-out services.
- Levi (LEVI) shares are lower. It raised its full-year outlook, but warned that tariffs are starting to bite. The company's gross margin improved due to higher prices and a larger volume of sales through more profitable channels.
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