Qualcomm Inc. (QCOM) has issued an upbeat sales outlook, boosted by the chipmaker's anticipation of a resurgence in smartphone demand from China. To delve...
Palkhiwala states that the company is"very happy" with the current dynamics in the smartphone market, citing a trend of Android users gravitating"toward more premium devices." Looking ahead, the CFO reveals that Qualcomm isPalkhiwala highlights that the integration of generative AI has already started within the company's hardware offerings. However, the primary focus moving forward will be on enhancing use cases and features within premium devices.
"We're at the front end of a multiyear trend, and we're excited about what the devices can do with this capability," Palkhiwala told Yahoo Finance."There's an upside opportunity for us if this drives an upgrade cycle in smartphones."This dividend stock is near 52-week highs, but still down from all-time highs, with a highly valuable P/E ratio you won't want to miss.
People Are Sharing Things That Were Totally Normal To Have Or Do 10 Years Ago, But Would Be Strange TodayLoblaw reports $13.58B in Q1 revenue, as Reddit group's boycott kicks off Loblaw Companies reported $13.58 billion in first-quarter revenue — a 4.5 per cent increase from a year earlier — on Wednesday morning, the same day that a group of frustrated shoppers said they would begin a month-long boycott of the grocery retailer.The company said that its retail segment sales rose 4.4 per cent to $13.29 billion. Food retail sales were up by 3.4 per cent, while its drug retail sales under the Shoppers Drug Mart banner increased by four per cent.
-- Traders on Wall Street cheered on Wednesday when Federal Reserve Chair Jerome Powell signaled he didn’t see oncoming interest-rate hikes despite inflationary pressures. The celebration didn’t last long.Most Read from BloombergUS and Saudis Near Defense Pact Meant to Reshape Middle EastJerome Powell Offered Markets a Reprieve.
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