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Qualcomm bets on AI and automotive growth to offset Apple decline as weak outlook pressures shares

What happened

Qualcomm forecast weaker fourth-quarter earnings and warned that revenue from Apple products will decline faster than expected, pressuring the stock. While the chipmaker expects AI data center and automotive businesses to replace lost Apple revenue by fiscal 2027, near-term smartphone demand remains weak.

Impact and signal

Medium impactImpact score: 60/100

Affected components and suppliers

SnapdragonMobile ModemsAutomotive SoCsAI Chips

Qualcomm Apple

earningsrevenuesmartphoneAIautomotive

Source and time

Source: DigiTimes Asia · 7/29/2026 · View original source

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Qualcomm bets on AI and automotive growth to offset Apple decline as weak outlook pressures shares

What happened

Impact and signal

Affected components and suppliers

Source and time

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