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QCOM surges 72% in 30 days on Daiwa upgrade but faces 24 FY EPS cuts
- Qualcomm closed at $219.09 on May 8, up 71.8% from $127.51 on April 8 — a sharp 30-day rally for a mega-cap stock
- Daiwa upgraded QCOM to Outperform on May 8, raising its price target to $225 from $140, citing an AI data center pivot beyond the handset business
- The upgrade contrasts sharply with the broader analyst community: 24 FY EPS cuts vs only 3 upgrades in the last 7 days, suggesting the price move has outpaced consensus fundamentals
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Conclusion
daily_prices: close $219.09 (May 8) vs $127.51 (Apr 8), +71.8%. eps_revisions (May 9): '0y' up=3, down=24; '+1y' up=5, down=21. News: Daiwa upgrade to Outperform, PT $225 from $140, May 8.