Qualcomm Sinks 11% as Soft Profit Guidance and Handset Slump Overshadow Beat; Arm Holdings Drops 7%, Skyworks Slides 2%

Qualcomm Shares Fall Most in Six Months After Weak Profit Forecast

Qualcomm shares slid 14% at the open of trading on Thursday after the company gave a lackluster profit forecast. If the decline holds through the close of trading it would be its worst day since 2020. Bloomberg's Ryan Vlastelica reports. (Source: Bloomberg)

Qualcomm Sinks 11% as Soft Profit Guidance and Handset Slump Overshadow Beat; Arm Holdings Drops 7%, Skyworks Slides 2%

Qualcomm topped Wall Street's estimates on both revenue and earnings, yet investors rushed for the exits anyway. Something buried in the outlook and the phone business spooked the market, and it is rattling Arm and Skyworks too.

Arm Shares Drop 10.76% as AI-Linked Stocks Slide at U.S. Open

The Dow rose 0.45%, while the S&P 500 fell 0.34% and the Nasdaq Composite lost 1.05%.

Qualcomm's stock falls on revenue miss and weak guidance; Arm and GlobalFoundries do little better

Chipmakers Qualcomm Inc., Arm Holdings Ltd. and GlobalFoundries Ltd. struggled to move the needle today after reporting financial results that clearly left investors wanting more. After an impressive earnings beat from Advanced Micro Devices Inc. just 24 hours earlier, investors may have had heightened expectations, but if they did, they were clearly let down by […] The post Qualcomm’s stock falls on revenue miss and weak guidance; Arm and Globa…