Thursday, 5 November, 2026
Chip Realities: Smartphone Slump Shadow-Casts Qualcomm’s AI Ambitions
By TechShots Studio
Qualcomm shares fell over 7% after hours following a sharp decline in smartphone handset revenues. While fourth-quarter adjusted earnings matched expectations and overall sales beat estimates, a sluggish mobile market—compounded by Apple's shift toward in-house modems—dragged down the core business. The slump overshadows recent strategic wins, including major supply agreements with SpaceX and expanding data center AI commitments.
Read full story at REUTERS