Qualcomm shares slide as higher costs, Apple-related weakness cloud profit forecast

Qualcomm shares slide as higher costs, Apple-related weakness cloud profit forecast  Reuters

The chipmaker plans to raise prices starting September 1 to offset industry-wide cost increases, while its outlook for the current quarter came in below analyst expectations

July 30 : Qualcomm shares fell about 5 per cent in premarket trading on Thursday after the chipmaker's warning about higher memory costs and a steeper decline in Apple revenue raised concerns about near-term profit growth.A surge in AI infrastructure spending has tightened semiconductor supply chains, driving up costs

After Qualcomm released its quarterly report and projected weaker-than-expected profit for the current quarter, the company’s CEO told Reuters that supply constraints would cause its revenue from Apple products to decline faster than expected. Here are the details.

Mark Zuckerberg under pressure over huge AI spending

SemiconductorsSouth Korean chipmaker's earnings come as concerns rise over broader AI-fueled boomSouth Korean chipmaker SK Hynix has benefited from the ongoing boom in demand for semiconductors spurred by artificial intelligence. (Photo by Ahn Seong-bok)STEVEN BOROWIECJuly 29, 2026 08:52 JSTUpdated on July 29, 2026 11:

Mercedes-Benz Cuts Sales Guidance Amid Worsening Chinese Market  WSJ

German premium carmaker Mercedes-Benz reported a 22% rise in second-quarter operating profit but cut its full-year car sales forecast due to weakness in China.