Qualcomm shares fell more than 12% on Thursday after a soft outlook, leading a broad slide in chip stocks. The company narrowly beat fourth-quarter profit forecasts but expects first-quarter adjusted earnings of $2.15 to $2.35 a share, against estimates of $2.27, with revenue of $10.4 billion to $11.2 billion. Smartphone chips, its largest business, were hit hard. Handset sales dropped 26% to $5.14 billion, missing estimates, as rising memory costs pushed up phone prices and hurt demand despite Qualcomm raising its own prices in September. Its CEO said the problem is supply, not demand. Other chipmakers sold off sharply. AMD fell about 15%, Micron 14.6%, Arm 12.5% and Intel 7.7%, as investors worried that Democrats’ plans for AI regulation could slow data centre spending.

Was this writing helpful?

Trust with CoinPedia:

CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:

All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:

Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.