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Qualcomm Inc.
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China's Huawei Lags in 5G Race as U.S. Sanctions Leave Their Mark

  • China's Huawei Lags in 5G Race as U.S. Sanctions Leave Their Mark China's Huawei Lags in 5G Race as U.S. Sanctions Leave Their Mark 3:43
    We Built an 'Apple Car' From Old iPhones. Here's What We Learned We Built an 'Apple Car' From Old iPhones. Here's What We Learned 8:28
    The global chip shortage is wreaking havoc on supply chains The global chip shortage is wreaking havoc on supply chains 2:35
    5G Is Here: A Conversation with Qualcomm's Cristiano Amon 5G Is Here: A Conversation with Qualcomm's Cristiano Amon 36:49
7:55 a.m. Jan. 5, 2022 - By Jon Swartz
CES opens despite omicron surge, major chip shortageUndaunted by the spread of omicron and a major chip shortage that has hindered the ability of many companies to deliver products, CES kicked off Wednesday morning in Las Vegas. "We know CES will be different... and messy," Gary Shapiro, chief executive of show organizer Consumer Technology Association, said in a keynote speech. "But innovation can be messy." Some 2,300 exhibitors from 19 countries are attending the three-day event, though attendance is expected to be about half of the 170,000 who last gathered for the last in-person CES in 2020. Despite the in-person absence of more than 150 companies that include Intel Corp. , Advanced Micro Devices Inc. , AT&T Inc. , Nvidia Corp. , Qualcomm Inc. , International Business Machines Corp. , Google parent Alphabet Inc. , Meta Platforms Inc. , Microsoft Corp. , HP Inc. and others, Shapiro hailed the inclusion of food tech, space tech, and NFT companies. The show ends Friday. General Motors Co. CEO Mary Barra was to deliver a keynote address, remotely, from Detroit.
11:09 a.m. Nov. 16, 2021 - By Mark Decambre
S&P 500 narrowly miss 66th record close of 2021 amid gains in Home Depot and chip-maker stocksThe S&P 500 on Tuesday barely missed finishing in record territory for the 66th time thus far this year, as stocks in consumer discretionary and information technology supported a broad-market advance. The climb for the session came as retail sales jumped 1.7% in October, the government said, surpassing forecasts for a 1.5% rise and logging the biggest gain since March when households received billions in federal stimulus money. Excluding autos, sales rose 1.4%. There were some questions about the impact of inflation on the data because the report does not account for inflation. The Dow Jones Industrial Average rose 0.2% at 36,142, the S&P 500 index climbed 0.4% to around 4,700 and the Nasdaq Composite Index closed 0.8% at 15,974, on the back of gains of semiconductor manufacturers Qualcomm Inc. and Advanced Micro Devices Inc. . Meanwhile, Home Depot Inc rose 5.8% after the home-improvement retailer reported fiscal third-quarter profit, net sales and same-store sales that beat expectations.
4:29 a.m. Oct. 4, 2021 - By Emily Bary
Qualcomm and SSW Partners to acquire Veoneer for $4.5 billionQualcomm Inc. and SSW Partners plan to acquire Veoneer Inc. for $37 a share, the companies announced Monday. The transaction represents a $4.5 billion total equity value for Veoneer, which has terminated its prior plans to be acquired by Magna International Inc. . SSW Partners plans to acquire all of Veoneer's outstanding capital stock, and once the deal is complete, the company intends to sell Veoneer's Arriver business to Qualcomm. SSW Partners, which is a New York-based investment partnership, will retain Veoneer's Tier-1 supplier business and look for "long-term strategic partners." Qualcomm already has a partnership with Arriver and expects to use the company's technology to augment its Snapdragon Ride advanced driver assistance systems (ADAS). "By integrating these assets, Qualcomm accelerates its ability to deliver a leading and horizontal ADAS solution as part of its digital chassis platform," Qualcomm Chief Executive Cristiano Amon said in a release. Qualcomm shares are up 0.3% in premarket trading, while Veoneer shares are up 3.7%.
5:39 a.m. Aug. 30, 2021 - By Emily Bary
Globalstar stock rockets after report says Apple could add satellite communications to next iPhoneShares of Globalstar Inc. are up 49% in Monday morning trading after a report indicated that Apple Inc. and could work with Globalstar to do so. MacRumors cites a report from analyst Ming-Chi Kuo saying that Apple's iPhone 13 will offer low-earth orbit (LEO) satellite communications that will let users send messages or make calls even if they don't have 4G or 5G cellular connections. The iPhone 13 will have a custom Qualcomm Inc. chip that supports satellite communications, per the report. Globalstar declined to comment on the report. Apple didn't immediately respond to MarketWatch's request for comment. Globalstar shares have increased 530% over the past 12 months as the S&P 500 has risen 29%.
4:18 a.m. Aug. 5, 2021 - By Tomi Kilgore
Veoneer stock soars after Qualcomm announces buyout bid that tops Magna's offer by 18%Shares of Veoneer Inc. soared 22.1% toward a three-year high in premarket trading Thursday, after Qualcomm Inc. disclosed that it has offered to buy automotive safety electronics company for $37 a share, which is 18% above the Magna International Inc.'s . Qualcomm's stock slipped 0.5% ahead of the open while Magna shares gained 1.7%. Qualcomm's all-cash bid, which comes nearly two weeks after Magna and Veoneer agreed on a merger, implies a market capitalization for Veoneer of $4.14 billion. "The proposed acquisition will bring together our industry-leading automotive solutions with Veoneer's assisted driving assets to deliver a competitive and open ADAS platform to automakers and Tier 1 suppliers at scale," said Qualcomm Chief Executive Cristiano Amon. Qualcomm said its bid for Veoneer has been unanimously approved by its board of directors and does not require shareholder approval. Veoneer's stock has rocketed 199.3% over the past 12 months, while the S&P 500 has gained 32.3%.
5:35 a.m. June 8, 2021 - By MarketWatch
The global chip shortage is wreaking havoc on supply chainsSemiconductor shortages are impacting nearly every manufacturer around the world. Here are some industries that have been affected most by the ongoing scarcity.
12:51 p.m. May 5, 2021 - Barrons.com
5G Is Here: A Conversation with Qualcomm's Cristiano AmonCristiano Amon, President & CEO-Elect, Qualcomm discusses how the 5G network rollout is going, the ongoing chip shortage, the future of mobile communications and wireless connectivity.
1:20 a.m. April 1, 2021 - By Steve Goldstein
Taiwan Semiconductor sets plans for $100 billion investment: reportsTaiwan Semiconductor Manufacturing Co. plans to spend $100 billion over the next three years to expand capacity, the company said in statements given to Bloomberg News and Reuters, following local reports. The company said the capacity is needed for 5G and high-performance computing demand. The company's fabs have been running at over 100% over the past 12 months, the Bloomberg report said. Taiwan Semiconductor's clients include Apple and Qualcomm .
5:24 a.m. March 10, 2021 - By Tomi Kilgore
Qualcomm boosts dividend by 4.6%, stock slipsQualcomm Inc. said Wednesday it was raising its quarterly dividend by 4.6%, to 68 cents a share from 65 cents. The chip maker's new dividend will be effective for dividends payable after March 25. The stock slipped 0.2% in morning trading to $128.80. Based on current prices, the new annual dividend rate increases the implied dividend yield to 2.11% from 2.02%. That compares with the yield on the SPDR Technology Select Sector ETF of 0.92% and the implied yield on the S&P 500 of 1.48%. Over the past 3 months, Qualcomm shares have lost 15.5%, while the technology ETF has gained 4.7% and the S&P 500 has tacked on 6.3%.
4:36 a.m. Feb. 4, 2021 - By Emily Bary
Qualcomm stock gets a downgrade at Citi after earningsCiti Research analyst Christopher Danely downgraded shares of Qualcomm Inc. to neutral from buy Thursday, following what he called a "mixed" . While Qualcomm exceeded Danely's expectations with its fiscal first-quarter revenue and earnings per share, gross margins decelerated and came in below his estimates. " We upgraded QCOM last year based on upside driven by share gains and the 5G upgrade cycle," Danely wrote. "We believe the upside is over and expect more instances of downside such as the lower margins." He argued that Qualcomm's margins came under pressure during the 4G wave as the upgrade cycle "matured," a trend he expects to repeat with the 5G upgrade cycle. Danely lowered his price target on Qualcomm's stock to $165 from $194. The shares are off 8% in morning trading Thursday. They've risen 17% over the past three months as the S&P 500 has risen 12%.
7:06 a.m. Feb. 3, 2021 - By Michael Ashbaugh
Charting a bullish reversal, S&P 500 nails the breakdown point Focus: Retail sector asserts cooling-off phase, Homebuilders hold the breakout point, XRT, XHB, CYBR, KMX, SWIR, WIXU.S. stocks are mixed early Wednesday, treading water after a solid batch of quarterly earnings reports and economic data. Against this backdrop, the S&P 500 has extended its rally from major support, rising to challenge its breakdown point (3,830).
7:36 a.m. Feb. 2, 2021 - By Michael Ashbaugh
Charting a bullish February start: S&P 500 spikes from major support Focus: Biotechs challenge all-time highs, Regional banks sustain decisive breakout, XBI, KRE, TDOC, EXP, TOLTechnically speaking, the U.S. benchmarks are off to a strong February start, rising in the wake of the most aggressive market downturn in about three months, writes Michael Ashbaugh.
7:07 a.m. Feb. 2, 2021 - By Michael Ashbaugh
Charting a bullish February start: S&P 500 spikes from major support Focus: Biotechs challenge all-time highs, Regional banks sustain decisive breakout, XBI, KRE, TDOC, EXP, TOLTechnically speaking, the U.S. benchmarks are off to a strong February start, rising in the wake of the most aggressive market downturn in about three months. Against this backdrop, each big three benchmark has extended a reversal from major support, rallies preserving a bullish intermediate-term bias.
7:04 a.m. Feb. 1, 2021 - By Michael Ashbaugh
Charting shaky technical tests, U.S. benchmarks maintain key support Focus: Traditional sector leaders (barely) maintain key support, QQQ, XLF, IYT, CAR, F, NTGRU.S. stocks are higher early Monday, rising to start February in the wake of a respectable market downdraft. Against this backdrop, each big three U.S. benchmark has registered a shaky — but apparently successful — retest of its next notable support.
7:11 a.m. Jan. 29, 2021 - By Michael Ashbaugh
Charting a corrective bounce: S&P 500 stalls at the breakdown point Focus: Semiconductor sector tests key trendline, Microsoft sustains earnings-fueled breakout, SMH, MSFT, COF, APTV, NTAPU.S. stocks are firmly lower early Friday, pressured to conclude previously constructive January price action. Against this backdrop, each big three benchmark has pulled in to this week’s second test of notable support. The response to each area, and Friday’s monthly close, will likely add color.
7:30 a.m. Jan. 28, 2021 - By Michael Ashbaugh
Charting a market whipsaw: Nasdaq, Dow industrials hold key support Focus: Charting U.S. sector damage (and lack thereof), 10-year yield nails gap support, Gold presses 200-day average, QQQ, XLF, IYT, TNX, GLD, XRTU.S. stocks are firmly higher early Thursday, rising after a solid batch of economic data to punctuate the worst single-day downdraft in about three months. Against this backdrop, the Nasdaq Composite has maintained its breakout point (13,220) while the Dow Jones Industrial Average has rallied from a surprisingly swift test of its 50-day moving average.
7:00 a.m. Jan. 27, 2021 - By Michael Ashbaugh
Charting an intraday downdraft, S&P 500 retests near-term support (3,764) Nasdaq maintains gap support, Small- and mid-cap benchmarks retest near-term floorsU.S. stocks are firmly on the defensive early Wednesday, pressured after a mixed batch of quarterly earnings reports, and ahead of the Federal Reserve’s latest policy directive, due out this afternoon. Against this backdrop, the S&P 500 has ventured under its breakout point (3,826), pulling in to an initially successful retest of familiar near-term support (3,764).
7:40 a.m. Jan. 26, 2021 - By Michael Ashbaugh
Charting market rotation, S&P 500 presses record territory Focus: Financials digest January breakout, Retail sector continues to take flight, XLF, XRT, PRU, FSLR, RIO, SRNETechnically speaking, the major U.S. benchmarks continue to trend higher, rising amid rotational market price action, writes Michael Ashbaugh.
7:16 a.m. Jan. 26, 2021 - By Michael Ashbaugh
Charting market rotation, S&P 500 presses record territory Focus: Financials digest January breakout, Retail sector continues to take flight, XLF, XRT, PRU, FSLR, RIO, SRNETechnically speaking, the major U.S. benchmarks continue to trend higher amid rotational market price action. Against this backdrop, the S&P 500 has challenged its range top early Tuesday, rising to press record territory from a shaky, but successful, test of its breakout point.
7:14 a.m. Jan. 25, 2021 - By Michael Ashbaugh
Charting mixed follow-through: Nasdaq extends to latest record high Focus: Transports hold the breakout point, Netflix digests earnings-fueled spike, IYT, NFLX, IP, AKAM, CMIU.S. stocks are mixed early Monday, vacillating ahead of this week’s full slate of quarterly earnings reports. Against this backdrop, the Nasdaq Composite has extended its prevailing statistically unusual breakout — tagging another record high — while the S&P 500 has pulled in to a shaky intraday retest of its breakout point (3,826).
7:25 a.m. Jan. 22, 2021 - By Michael Ashbaugh
Charting a bull-trend pullback: S&P 500 retests the breakout point Focus: Solar sector sustains 2021 breakout, Apple tags record close amid stealth breakout attempt, TAN, AAPL, MGA, DE, MDCU.S. stocks are lower early Friday — though off the session’s worst levels — pressured amid virus concerns, and a not well-received batch of influential earnings reports. Against this backdrop, the S&P 500 and Nasdaq Composite continue to digest respectable mid-week rallies to record territory, against an otherwise bullish bigger-picture backdrop.
6:59 a.m. Jan. 21, 2021 - By Michael Ashbaugh
Bull trend confirmed, Nasdaq Composite gaps to record highs Focus: Communications services sector takes flight, XLC, EA, BBBY, ANF, PVHU.S. stocks are mixed early Thursday, largely treading water amid otherwise constructive January price action. Against this backdrop, the S&P 500 and Nasdaq Composite are digesting respectable bull-flag breakouts, their latest rallies to all-time highs.
6:56 a.m. Jan. 20, 2021 - By Michael Ashbaugh
Charting bull-flag breakouts: S&P 500, Nasdaq tag record highs Focus: Health care sector vies to extend January breakout, XLV, MCHP, AXP, UBER, SLBU.S. stocks are firmly higher early Wednesday, rising amid Inauguration Day and following a solid batch of quarterly earnings reports. Against this backdrop, the S&P 500 and Nasdaq Composite have staged bull-flag breakouts, rising to tag their latest record highs.
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