Qualcomm stock sinks 10% as company issues dire warning on memory shortage [CNBC]
QUALCOMM Incorporated (QCOM)
Last qualcomm incorporated earnings: 4/29 04:01 pm
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Source: CNBC
The company topped fiscal first-quarter estimates but issued lighter-than-expected guidance. Skyrocketing demand for artificial intelligence data centers has diverted memory resources needed for smartphones, laptops and other consumer electronics. In this article Qualcomm shares plunged 10% after the chipmaker issued disappointing guidance as skyrocketing demand for artificial intelligence data centers eats away at memory chip supply for consumer electronics. On an earnings call with analysts, Qualcomm CEO Cristiano Amon said the weakness was “100% related to memory.” The availability of dynamic random access memory, commonly used in smartphones, computers and wearable tech, was down from a year ago. He said handset demand remains strong, but memory supply is down as more resources go toward high-bandwidth memory used in data centers. “I think the market is going to be sized by that,” Amon said. “Our customers are adjusting, I think, their build production to the memory
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QCOM
News
- Does Qualcomm's Solid Q1 Earnings Warrant a Portfolio Re-Look? [Yahoo! Finance]Yahoo! Finance
- Tech sell-off: How the market can get 'very dangerous' very quickly [Yahoo! Finance Canada]Yahoo! Finance Canada
- Qualcomm's (QCOM) Hurt By Memory, Says Jim Cramer [Yahoo! Finance]Yahoo! Finance
- Why I am still taking these tech stocks to task [Yahoo! Finance Canada]Yahoo! Finance Canada
- Qualcomm's Memory Warning Sounds Scary, But It's Not All Bad News for Investors [Yahoo! Finance]Yahoo! Finance
QCOM
Earnings
- 2/4/26 - Beat
QCOM
Sec Filings
- 2/9/26 - Form 4
- 2/9/26 - Form 144
- 2/6/26 - Form 4
- QCOM's page on the SEC website