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Qualcomm stock drops 5% on weak earnings forecast as memory shortage weighs on smartphone sales

By Polaris Insights · Generated by the AI-powered Polaris Insight Engine · Published Nov 4, 2026, 1:16 PM PT · Updated Nov 4, 2026, 1:30 PM PT

In this article QCOM Follow your favorite stocks CREATE FREE ACCOUNT Qualcomm President and CEO Cristiano Amon delivers a keynote speech during a press event ahead of COMPUTEX on June 01, 2026 in Taipei, Taiwan. Cheng Chia Huang | Getty Images Qualcomm reported quarterly results on Wednesday that topped Wall Street estimates, but the chipmaker's earnings forecast came in lighter than expected. The stock slid 7% in extended trading.

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