Qualcomm: Memory shortage may impact phone business for '6-8 quarters'
After eking out an earnings and revenue beat for its fiscal first quarter, Qualcomm stock (QCOM) is sinking on Thursday over its disappointing revenue outlook. CFRA Research senior vice president and equity analyst Angelo Zino — who has a Buy rating on the stock — examines the long-term impacts that the memory chip shortage may have on Qualcomm's PC and smartphone hardware businesses. To watch more expert insights and analysis on the latest market action, check out more Market Catalysts.
After eking out an earnings and revenue beat for its fiscal first quarter, Qualcomm stock (QCOM) is sinking on Thursday over its disappointing revenue outlook. CFRA Research senior vice president and equity analyst Angelo Zino — who has a Buy rating on the stock — examines the long-term impacts that the memory chip shortage may have on Qualcomm's PC and smartphone hardware businesses. To watch more expert insights and analysis on the latest market action, check out more Market Catalysts.
What's Your Reaction?
:max_bytes(150000):strip_icc()/GettyImages-2187410260-5afe56694791404f99c253dd8d5abe6a.jpg?#)
