✉news TechnologySemiconductors first seen 7 d ago, last 7 d ago, peak #13
Qualcomm shares slide on smartphone demand worries
Original: Qualcomm shares slide as smartphone weakness clouds growth push
Qualcomm shares fell after the chipmaker flagged persistent weakness in smartphone demand, clouding its push to grow in new areas such as automotive and AI PCs. Investors are weighing how long the handset slump will weigh on revenue and whether the company's diversification strategy can offset the slowdown in its core mobile chip business.
Why now: Investors are reacting to Qualcomm's warning that weak smartphone demand is hurting its near-term growth outlook
Evidence
- Qualcomm shares slide as smartphone weakness clouds growth push · WTVB
- Qualcomm shares slide as smartphone weakness clouds growth push · Reuters
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