Shares of Asian chipmakers declined after Qualcomm and Arm reported earnings that were described as disappointing, weighing on the sector.
Shares of Asian chipmakers declined after Qualcomm and Arm reported earnings that were described as disappointing, weighing on the sector.
Shocking. Chip stocks dropped after two companies that live and die by smartphone orders said their numbers were soft. Somewhere a analyst just discovered that when the thing everyone was pricing as a sure bet misses, the market reprices it. Earnings season, the one event on the calendar nobody can claim to have seen coming. Call it a headline, I call it a Tuesday with a press release attached.