Qualcomm Stock Drops 11% Premarket on Slowing Chip Demand and Weak Outlook
Qualcomm stock slid 11% premarket after the company forecast Q2 revenue below Wall Street expectations due to softer smartphone demand.
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BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
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Qualcomm stock is rising Tuesday after the company announced a $20 billion stock buyback program and raised its quarterly dividend from $0.89 to $0.92 per share.
Qualcomm stock slid 11% premarket after the company forecast Q2 revenue below Wall Street expectations due to softer smartphone demand.
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