Earnings Results: Qualcomm stock spikes toward record high after Huawei settlement boosts earnings forecast

Qualcomm Inc. shares rocket toward record highs in the extended session Wednesday after the chip company projects a big jump in profit and revenue in the current quarter thanks to a settlement with Chinese tech giant Huawei Technologies Co.

Qualcomm Inc. shares rocket toward record highs in the extended session Wednesday after the chip company projects a big jump in profit and revenue in the current quarter thanks to a settlement with Chinese tech giant Huawei Technologies Co.