Qualcomm Stock Dives Amid Memory Chip Crunch as Alphabet Accelerates AI Investments
“Qualcomm’s first-quarter fiscal 2026 earnings showcased record revenues of $12.25 billion and non-GAAP EPS of $3.50, but shares plummeted due to a subdued second-quarter outlook impacted by global memory chip shortages affecting handset demand. Meanwhile, Alphabet reported robust fourth-quarter 2025 results with revenues hitting $113.8 billion and EPS of $2.82, driven by surging Google Cloud … Read more