News

Qualcomm (QCOM.O) CEO: The Dragonfly C1000 CPU is still shipping to Meta Platforms (META.O) as scheduled.

Qualcomm (QCOM.O) CEO: Custom accelerators will begin shipping in October, and our connectivity solutions with Amazon Cloud (AMZN.O) will ramp up later this month.

Qualcomm (QCOM.O) CEO: Data center business is starting to ramp up, and revenue for the December quarter is expected to exceed $650 million.

Qualcomm (QCOM.O) CEO: Looking ahead, our plans assume that global mobile phone shipments will remain flat to decline in calendar year 2027.

Documents show that U.S. Senate Republicans are urging an appeals court to overturn a ruling that found the Environmental Protection Agency (EPA) wrongly authorized the process of revoking California's vehicle emissions regulations.

According to a New York Times report on Wednesday, a growing number of Iranian clerics and officials are urging Iranian leaders to withdraw their pledge not to pursue nuclear weapons. For decades, Iranian officials have publicly supported the late Supreme Leader Ayatollah Khamenei's decrees prohibiting the development and use of nuclear weapons; however, US and Israeli intelligence reports indicate that there are signs Iran is enriching uranium to levels close to those required for nuclear weapons. Regional analysts say Khamenei originally hoped to maintain ambiguity regarding Iran's nuclear intentions to deter attacks without actually developing nuclear weapons; however, the US and Israel's potential wars in 2025 and 2026 have ironically increased public support for nuclear weapons in Iran. Analyst Shabani stated that this "neither possessing nor abandoning nuclear weapons" stance has forced Iran to "pay the price for a nuclear bomb it doesn't possess," and now people feel that unless it possesses an ultimate weapon, it could be subject to the control of the US or even Israel at any time.

Market news: Goldman Sachs and Apollo Global Management are in talks with Wall Street investors to begin selling a portion of a roughly $40 billion SpaceX (SPCX.O) chip financing deal.

According to The Information: Microsoft (MSFT.O) has reduced its data center spending due to delivery delays at cloud service provider IREN.

Qualcomm (QCOM.O): Mobile phone revenue is expected to grow by more than 60% year-on-year.

Qualcomm (QCOM.O) reported a net profit of $1.251 billion for Q4 of fiscal year 2026, compared to a loss of $3.117 billion in the same period last year, while the market expected $1.566 billion.

Qualcomm (QCOM.O) shares fell more than 5% in after-hours trading.

The Dow Jones Industrial Average closed up 1,569.76 points, or 3.03%, at 53,356.48 on Wednesday, November 4; the S&P 500 rose 119.72 points, or 1.58%, to 7,688.64; and the Nasdaq Composite gained 364.50 points, or 1.44%, to 25,736.51 on Wednesday, November 4.

Qualcomm (QCOM.O): Is raising prices on its products to reflect rising semiconductor input costs.

Qualcomm (QCOM.O): It expects Q1 data center revenue to reach over $650 million, with quarterly growth throughout the year, reaching an annualized operating rate of $7 billion by the end of fiscal year 2027.

Qualcomm (QCOM.O): Non-handset revenue is expected to grow by more than 60% year-over-year.

Qualcomm (QCOM.O): The full benefits of product pricing actions are expected to be reflected in QCT gross margin in the second half of fiscal year 2027.

Qualcomm (QCOM.O): Reaffirmed its fiscal year 2027 data center revenue target of $5 billion.

Qualcomm (QCOM.O) reported $5.14 billion in revenue from its QCT mobile phone business in Q4 of fiscal year 2026.

Qualcomm (QCOM.O) has projected revenue of $10.4 billion to $11.2 billion for Q1 of fiscal year 2027, compared to market expectations of $10.48 billion.

Qualcomm (QCOM.O) reported revenue of $10.44 billion for Q4 of fiscal year 2026, compared to $11.27 billion in the same period last year, and market expectations of $10.116 billion.