Chip Boom Loses Steam on Slowing PC Sales, Crypto Rout

Chip Boom Loses Steam on Slowing PC Sales, Crypto Rout.

Qualcomm stock rallies more than 6% as handset sales drive record results, strong outlook

Qualcomm Inc. shares rallied in the extended session Wednesday after the chip maker’s record quarterly results and strong outlook blew past Wall Street estimates and the company assured analysts that demand continues to outstrip supply. Qualcomm QCOM, + 1.20% said it expects adjusted earnings of $ 2.75 to $ 2.95 a share in the third … Read more

Giant Pension Sold Apple, Intel, and Qualcomm Stock. It Bought Nvidia.

Text size *** ONE-TIME USE *** The Apple logo Nicholas Kamm / AFP via Getty Images One of the world’s largest public pensions by assets made major changes in its investments in large-cap tech stocks as 2021 came to a close. PGGM of Zeist, Netherlands, cut investments in Apple (ticker AAPL), Intel (INTC), and Qualcomm … Read more

Qualcomm stock slips following strong earnings and outlook

Qualcomm Inc. shares slipped in the extended session Wednesday as the chip maker’s quarterly results and outlook topped Wall Street estimates, but certain business segments fell short of expectations. In its forecast for the second quarter, Qualcomm QCOM, + 6.25% said it expects adjusted earnings of $ 2.80 to $ 3 a share on revenue … Read more