Qualcomm stock drops more than 7% after poor outlook, months-long chip glut
Qualcomm Inc. shares fell in the extended session Wednesday following the chip maker’s poor outlook, and estimates of about two months or more of inventory it needs to clear in its core business. Qualcomm QCOM, -4.12% shares dropped 7.6% after hours, following a 4.1% decline to close at $112.50 in the regular session. In late …
Qualcomm stock drops more than 7% after poor outlook, months-long chip glut Read More »