Qualcomm Inc (QCI.MU)
- Yahoo Finance Video
Qualcomm posts Q1 beat, upbeat guidance on smartphone demand
Qualcomm (QCOM) stock is being lifted Thursday morning by upbeat sales forecasts, topping fiscal second-quarter earnings estimates on the top and bottom lines. The Morning Brief Anchors Akiko Fujita and Brad Smith review the semiconductor company's revenue figures and what it signals for smartphone demand. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Chipmaker earnings: What investors can glean about AI drivers
Semiconductor leaders Advanced Micro Devices (AMD) and Super Micro Computer (SMCI) are running into trouble as both of their shares are falling after reporting their prospective earnings results; AMD shares have been edging lower since reporting a first-quarter earnings beat on Tuesday, while Super Micro narrowly missed fiscal third-quarter revenue estimates. Yahoo Finance Markets Reporter Josh Schafer analyzes the latest earnings from chipmakers and what results are informing investors about potentially slowing AI catalysts. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
- Reuters
US STOCKS-Wall Street rises as Fed rate-hike concerns alleviate
Wall Street's main indexes advanced on Thursday, a day after the Federal Reserve left interest rates unchanged and allayed worries around potential rate hikes, with focus moving to a crucial job report later in the week. While Fed Chair Jerome Powell indicated that stubbornly high inflation would see a long-expected U.S. rate cut pushed back, he refused to entertain talk that rates might actually need to go up again. "The outcome of the (Fed) statement, plus the press conference was for slightly more rate cuts to be priced in, not necessarily sooner, but by the end of the year," said Brian Nick, senior investment strategist at the Macro Institute.
