Qualcomm Inc stock fell after the wireless-chip giant reported second-quarter earnings for the fiscal year 2023 that were in line with Wall Street estimates but offered a light forecast. Investors also digested a surprise weakness in sales to Apple Inc (NASDAQ:AAPL) for its iPhone and margin lows not seen in nearly three years, according to MarketWatch.
Qualcomm stock falls after guidance disappoints and weak sales to Apple for its iPhone