Qualcomm Shares Drop More Than 9% as Smartphone Chip Sales Miss Estimates
Qualcomm shares fell over 9% in early trading Thursday after smartphone chip sales missed Wall Street estimates, overshadowing momentum in data-center chips.
Qualcomm NASDAQ:QCOM shares dropped over 9% in early trading on Thursday after the company's smartphone chip sales missed Wall Street estimates, raising concerns that weakness in its core handset business could offset gains from newer growth in areas such as data-center chips.If losses hold, Qualco…