Qualcomm slid Thursday morning after its Q4 earnings report as chip stocks face continued post-election pressure.
Qualcomm's car chip sales nearly doubled in its Q4 earnings, yet Qualcomm stock still fell about 11% the next day.
Chip stocks continued to fall Thursday in the wake of Tuesday's election results and earnings reports from Arm, Qualcomm and others.
The chipmaker reported a 26% drop in handset revenue and warned that memory costs and Apple's departure will continue to weigh on the market. Qualcomm is betting on data centers, automotive and...
Demand for lucrative high-bandwidth storage for AI servers has pushed up memory chip prices, raising the cost of consumer electronics and squeezing smartphone processor designers such as Qualcomm.
First reported:
First saved on ClustZ:
Coverage updated:
We use cookies to improve your experience and analyze site traffic. By clicking "Accept", you agree to our use of cookies. See our Privacy Policy.