Qualcomm Slides After Supply Costs Take a Bite Out of Profit - Bloomberg.com — SkimNews
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- Qualcomm stock dropped 7% following a weak earnings forecast.
- Qualcomm warned that supply costs are eating into profit and chip margins are getting squeezed, while a memory shortage is weighing on smartphone sales.
Why it matters: Qualcomm shareholders bear the immediate cost: shares fell 7% after a weak earnings forecast, while the company warned that supply costs are eating into profit and squeezing chip margins. The memory shortage adds a second pressure point by weighing on smartphone sales, linking the setback to both input economics and handset demand.
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