(Bloomberg) — Qualcomm Inc., the world’s biggest seller of smartphone processors, gave an upbeat forecast for sales and profit in the current period, suggesting demand for handsets is increasing after a two-year slump. Most Read from Bloomberg Revenue in the three-month period ended in June will be $8.8 billion to $9.6 billion, the company said …
Here’s how it did versus LSEG consensus estimates for the quarter ended March 24: Earnings per share: $2.44 adjusted vs. $2.32 expected Revenue: $9.39 billion adjusted vs. $9.34 billion expected Net income during the quarter was $2.33 billion, or $2.06 per share, versus $1.7 billion, or $1.52 per share, in the year-earlier period. Qualcomm said …
In this article, we will take a detailed look at American Politicians are Buying These 10 AI Stocks. For a quick overview of such stocks, read our article American Politicians are Buying These 5 AI Stocks. Despite lofty valuations of mega-cap technology companies on the back of the generative AI boom, the AI craze seems to have …
As the hype around AI shows few signs of slowing, one analyst has identified several warning signs that a correction could be on the way. In a research note entitled, “Magic Money Tree,” Richard Windsor, veteran tech stock analyst and founder of research firm Radio Free Mobile, warned that money was flowing into the AI …
Investors looking to bet on the artificial intelligence boom may want to take a look at Taiwan Semiconductor Manufacturing , according to JPMorgan. Analyst Gokul Hariharan reiterated his overweight rating on the semiconductor maker, a supplier to chip majors such as Nvidia , Advanced Micro Devices and Qualcomm , saying that “all roads in AI …
Jonathan Raa | Nurphoto | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. Markets positive Wall Street hit another record on Friday as …
Samsung Electronics Co. Galaxy S24 smartphones during a media preview event in Seoul, South Korea, on Monday, Jan. 15, 2024. Samsung, the world’s most prolific smartphone maker, is leaning into artificial intelligence as the key to unlocking greater sales this year. Photographer: SeongJoon Cho/Bloomberg via Getty Images SeongJoon Cho | Bloomberg | Getty Images Artificial …
A microchip and the Nvidia logo displayed on a phone screen are seen in this photo taken in Krakow, Poland, on April 10, 2023. Nurphoto | Getty Images Shares of server component supplier Super Micro Computer rose 11.42% in Wednesday’s after-hours trading. Dutch chip equipment manufacturer ASML, which supplies TSMC lithography machines critical to chip …
Missed the boat on Nvidia’s booming artificial intelligence-fueled rally? Investors can still get on the A.I. bandwagon with this age-old chip darling. While the Nvidia (NVDA) gravy train may seem to have left the station for many, Qualcomm (QCOM) remains a compelling alternative for investors hungry to participate in the AI revolution. In Qualcomm’s recent …
Qualcomm Inc. blew out quarterly profit estimates in its most recent report Wednesday, but its shares moved lower in choppy aftermarket action as the company’s revenue forecast merely met expectations at the midpoint. As artificial intelligence increasingly dominates the narrative for the chip sector, Qualcomm’s QCOM management said the company is among the beneficiaries of …