Qualcomm stock drops 7% on weak forecast as memory shortage weighs on smartphone demand
The chipmaker beat estimates but guided lower, with the loss of Apple business and higher memory costs pressuring sales.
Read at CNBC →Full coverage · 11 outlets
- CNBC · lead
- CNBCQualcomm stock drops 7% on weak earnings forecast as memory shortage weighs on smartphone sales
- MarketWatchQualcomm’s stock falls as twin forces pressure sales
- GuruFocusQualcomm (QCOM) Reports Mixed Quarterly Results, Stock Drops
- TipRanksWhy AppLovin Stock Is Soaring Overnight While Qualcomm Sinks - and Which One Wall Street Rates a Strong Buy
- The Tech BuzzQualcomm Drops 5% Despite Earnings Beat on Memory Crunch
- 24/7 Wall St.Super Micro Drops 5% Ahead of Earnings as AI Server Selloff Extends; Dell Falls 4%, HPE Slides 3%
- investingLiveAmazon and Intel results deepen worries over AI boom costs as tech, chip stocks slide
- StocktwitsQCOM Stock Drops Nearly 8% After Hours - Qualcomm’s Q3 EPS Misses, Weak Q4 Outlook Overshadows Revenue Beat
- Investopedia5 Things to Know Before the Stock Market Opens
- International Business Times AustraliaIntel Stock Plunges Nearly 30% After Weak Forecast, Analysts Weigh Whether Dip Offers Buying Opportunity