Qualcomm's AI Push, Despite Stock Dip
Update: 2025-11-06
Description
Qualcomms Stock Dips Despite Strong Results: High Expectations and Tax Changes at PlayQualcomm, a leading smartphone processor supplier, reported robust sales and profit forecasts, surpassing Wall Streets expectations. However, its stock fell by up to 3% due to high investor expectations and a $5.7 billion write-down from a U.S. tax change. Despite the setback, Qualcomms outlook remains positive, with strong demand in high-end Android phones and promising AI chips for data centers.
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