Qualcomm shares fell 6% after the company issued a weak earnings forecast, despite delivering better-than-expected results. High memory costs are weighing on smartphone demand, while Qualcomm also faces the loss of Apple’s business. The company is looking to data centers to boost its bottom line as smartphone sales decline.
Reporting from 3 identified publishers across this event arc.
These publishers contributed reporting to the broader event history. Not every source addresses the specific development described above.
How this brief is built: The BriefBrief correlates multiple sources into one evolving event brief, updated as new facts emerge.
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