U.S. battery-electric sales fell 29.2% through September, while conventional hybrid sales rose 22.4%. Qualcomm's automotive revenue grew 61.4% year over year and 19.8% sequentially in its latest reported quarter.
Qualcomm, the wireless and edge-AI chip designer (QCOM), secured a broad, multiyear patent cross-license with Huawei spanning 5G, computing, AI and networking,
Arm just posted a 187% year-to-date run on the back of real AI demand, but a beta of 3.89 turns every market hiccup into a violent swing, and the stock has already priced in a lot of good news.
Early-stage, unconfirmed talks with Terafab, a chip-manufacturing venture planned for Texas, have sent Taiwan Semiconductor Manufacturing (NYSE:TSM | TSM Price Prediction) stock to a record. Taiwan Semiconductor stock is up 2% to $484.
Share buybacks matter for many reasons, including earnings-per-share boosts, dilution offsets, tax efficiency, shareholder leverage, and signals of management confidence. They matter much more for big tech companies because the industry is in the midst of a shift that amplifies these signals.
Qualcomm is entering data center and automotive markets at full speed while Apple shrinks its handset business and analysts pile on with downward revisions.
Amazon (AMZN) and major retailers accelerate holiday promotions, driving an anticipated $95.8B in October online sales, up 8% YoY. Qualcomm (QCOM) and Huawei finalize a multi-year cross-licensing deal covering 5G, AI, and networking, with QCOM up 2.7% on the news.