Chipmaker Qorvo Gaps Up Thanks To Apple, Samsung

By | May 7, 2015

Scalper1 News

Apple (AAPL) and Samsung chip supplier Qorvo (QRVO) gapped up on Thursday after the company reported view-topping Q4 results and guidance late Wednesday. Qorvo is benefiting from “explosive” demand for mobile data and growth in data traffic as smartphone sales, led by the Apple iPhone and Samsung Galaxy, continue to boom. The stock surged 9.1% to 75.36 shortly before the closing bell on the stock market today, retaking its 50-day moving average. Scalper1 News

Scalper1 News