Reported 1 day ago
Qualcomm reported Q4 earnings exceeding expectations, with an adjusted EPS of $3.00 on $11.27 billion in revenue, and provided a positive forecast of $11.8 to $12.6 billion. However, shares fell about 1% after the announcement due to a $5.7 billion tax-related charge. As Qualcomm pivots to diversify its offerings in AI and data centers, it risks losing Apple as a key client, leading to a more competitive landscape against established players like Nvidia and AMD.
Source: YAHOO