For its fiscal second quarter, AI chipmaker Qualcomm (QCOM) published top and bottom line figures that beat expectations: revenue of $10.84 billion (vs. estimates of $10.64 billion) and adjusted earnings of $2.85 per share (vs. estimates of $2.81). The semiconductor manufacturer’s stock stumbles in Wednesday’s after-hours trading on its weaker-than-expected third quarter guidance.
Moor Insights & Strategy founder, CEO, and chief analyst Patrick Moorhead comments on Qualcomm’s exposure to trade tariffs, especially for its smartphone and automotive components.
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