QCOM - Why Qualcomm and DISH Network Stocks Jumped on Wednesday
Shares of Qualcomm (NASDAQ: QCOM) stock were trading higher on Wednesday, up by about 5% as of 2:30 p.m. EDT. The semiconductor company's gain followed news that it's partnering with DISH Network (NASDAQ: DISH) to help the satellite TV company build a 5G network. DISH stock similarly gained about 4.5%.
The new network will "test open and virtualized RAN 5G solutions containing the new Qualcomm 5G RAN Platforms to help fast track DISH's rollout of the nation's first cloud-native, Open RAN-compliant 5G network," DISH said in a press release Wednesday morning.
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Why Qualcomm and DISH Network Stocks Jumped on Wednesday