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via finance.yahoo.comTech & AI

Qualcomm stock drops on rising memory pricing and supply challenges

FROM THE WIRE · FINANCE.YAHOO.COM

Both shares of Qualcomm (QCOM) and Arm Holdings (ARM) are sinking in Thursday's pre-market trading since each company reported its respective earnings results yesterday. Interactive Brokers Chief Strategist Steve Sosnick joins Pras Subramanian and Brooke DiPalma on The 8:30 to…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe drop in Qualcomm and Arm reflects concern that memory costs weigh on AI chip businesses.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Qualcomm and Arm shares fall in pre-market trading after earnings.
  2. 02Qualcomm's phone business shrank by a quarter.
  3. 03The profit forecast for the next quarter came up short.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
QUALCOMM IncorporatedQCOMStock157.34 USD-9.15%today -9.15%Negative Arm Holdings plc American Depositary SharesARMStock168.86 USD-11.96%today -11.96%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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