Reported about 19 hours ago
Qualcomm's stock fell by up to 6% after the company announced new financial targets at its first investor day in three years. The projected $22 billion revenue from its non-smartphone business by 2029, which includes $8 billion from automotive and $14 billion from the Internet of Things, failed to impress investors. Analysts expressed skepticism about Qualcomm's ability to capture market share in competitive tech fields, while the company continues to grapple with the transition away from reliance on smartphone sales.
Source: YAHOO