San Francisco, California – Silicon Valley giants Intel and AMD are facing a new challenger in the PC market arena. ARM, the UK-based chip designer, is making a bold move with the help of Qualcomm and its Arm-based Snapdragon X Elite and X Plus chips. These chips are set to launch in laptops from various tech companies such as ASUS, Acer, Dell, HP, and Lenovo in the upcoming weeks. While ARM has been a preferred …
Taipei, Taiwan – Tech enthusiasts from around the world tuned in to the highly anticipated Qualcomm Computex 2024 keynote, eager to hear the latest updates and insights in the world of technology. The event, held in Taipei, Taiwan, showcased Qualcomm’s innovations and strategies for the future. One of the highlights of the keynote was the unveiling of new technologies that are set to revolutionize the industry. Attendees were treated to a sneak peek at cutting-edge …
Washington, D.C. – The Biden administration has made a significant move by revoking export licenses that previously allowed Intel and Qualcomm to supply semiconductors to Huawei, a Chinese telecoms equipment company. This decision comes as part of Washington’s increased pressure on the company, aiming to tighten restrictions on the sale of US technology to Huawei. The US Department of Commerce confirmed the revocation of certain licenses, impacting the supply of chips for Huawei’s laptop computers …
San Francisco, CA: Futures for the Dow Jones, S&P 500, and Nasdaq showed a modest increase overnight. Carvana and Qualcomm were among the companies that reported earnings on Wednesday night. The stock market rally took a tumultuous turn in the afternoon, with major indexes initially rising sharply after the Federal Reserve decided to slow the pace of balance sheet reductions. However, these gains were later slashed in the final hour of trading. AI stocks faced …
Qualcomm Inc., based in San Diego, California, has announced a positive outlook for sales and profits in the upcoming period, hinting at a potential increase in smartphone demand after a two-year decline. The company forecasts revenue ranging from $8.8 billion to $9.6 billion for the period ending in June, with earnings per share projected to be between $2.15 and $2.35, excluding certain items. This outlook reflects Qualcomm’s anticipation of a gradual recovery in smartphone demand …
Krakow, Poland – In a recent surge after hours of trading, various technology companies experienced notable increases in their stock prices. Nvidia, a company that designs AI chips for major tech giants such as Amazon, Microsoft, and Google, reported a significant rise in demand for its graphics processing units. This spike in demand is largely attributed to the ongoing AI boom. Following Nvidia’s earnings report, server component supplier Super Micro Computer saw an 11.42% increase …
San Diego, CA – Qualcomm, a leading semiconductor company, has outperformed market expectations in its Q1 earnings report. The company’s strong performance is attributed to a sizable advantage in the development of AI PC chips, as reported by Yahoo Finance. This advantage has contributed to Qualcomm’s strong guidance and positive outlook for the future. The company’s earnings beat estimates, a sign of recovery in smartphone chip sales. CNBC notes that this suggests a positive trend …