Wall Street had braced for a bumpy ride as Qualcomm Inc. navigated an oversupplied market for smartphone chips, but the chip maker’s stock still got T-boned Thursday after a disappointing Read more
Tag: QCOM
Qualcomm stock plunges to lowest price in more than two years as magnitude of smartphone shortfall shocks Wall Street
Wall Street had braced for a bumpy ride as Qualcomm Inc. navigated an oversupplied market for smartphone chips, but the chip maker’s stock still got T-boned Thursday after a disappointing Read more
Qualcomm stock drops more than 5% after poor outlook, months-long chip glut
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
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
Here are the companies and sectors that are most vulnerable to the strong dollar this earnings season
Since roughly 40% of S&P 500 companies’ sales are generated abroad, equity strategists expect the strong U.S. dollar will weigh heavily on corporate earnings as the third-quarter corporate reporting season Read more
Meta busts out big VR move, but will Quest Pro headset move the metaverse needle?
Facebook parent company Meta bust out a big virtual reality move at its Meta Connect developer conference on Tuesday, but is the company’s new high-end headset a winner? Meta Platforms Read more
Micron Technology says it’ll make $40 billion investment and create up to 40,000 jobs
Micron Technology MU, -1.62% said it was planning to invest $40 billion through the end of the decade and create as many as 40,000 jobs in what it called the Read more
Qualcomm forecast falls short on weakening handset sales; Samsung agreement extended
Qualcomm Inc. shares fell in the extended session Wednesday after the chip maker lowered its forecast because of weakening handset sales, the company’s largest business segment, but focused on the Read more