Qualcomm Inc. shares fell in the extended session Wednesday following the chip maker’s poor outlook, and estimates of about two months or more of inventory it needs to clear in Read more
Tag: glut
Qualcomm stock drops more than 5% as poor outlook indicates a chip glut
Qualcomm Inc. shares fell in the extended session Wednesday after the chip maker’s outlook indicated a big backup of inventory in its core business as its forecast fell way below Read more
SK Hynix adds to evidence that the chip glut is here to stay for a while
SK Hynix Inc. added to concerns Wednesday that the semiconductor industry has entered a glut as the chip maker missed expectations for the quarter and forecast declining market demand out Read more
GlobalFoundries stock falls as fears of a chip glut eclipse strong outlook
GlobalFoundries Inc. shares fell Tuesday after the chip manufacturer’s strong outlook was eclipsed by recent signs that the global chip shortage has flipped into a glut. GlobalFoundries GFS, -4.05% forecast Read more