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Stock impact report

Artificial Intelligence (AI) Is Lifting the Smartphone Market: 2 Beaten-Down Stocks to Buy Before They Go on a Bull Run [Yahoo! Finance]

Skyworks Solutions, Inc. (SWKS) 
Last skyworks solutions, inc. earnings: 1/23 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
12% gains clocked by the PHLX Semiconductor Sector index as of this writing. However, certain chip stocks have been left behind while the broader market has rallied impressively. Shares of Skyworks Solutions (NASDAQ: SWKS) and Qorvo (NASDAQ: QRVO) , two chipmakers that are known for supplying chips for Apple , have underperformed the semiconductor sector in 2024. Skyworks stock is down nearly 11% so far this year, while Qorvo has fallen 2%. A big reason behind their underperformance is the weak performance of the smartphone market over the past couple of years. Both companies get a nice chunk of their revenue from selling smartphone chips, which explains why their top lines have been shrinking since the beginning of 2022. However, the rough times that Skyworks and Qorvo have been facing could soon come to an end thanks to artificial intelligence (AI) . Let's look at how this fast-growing technology could give these companies a nice boost. Smartphone sales are rising once again Show less Read more
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