Qualcomm stock falls 5% after weak earnings forecast

Qualcomm shares dropped about 5% after the chipmaker issued a weak earnings forecast, which CNBC ties to a memory shortage weighing on smartphone sales. Qualcomm's results themselves were better than expected.

Timeline

1. 4 Nov, 21:00 UTCCNBC reports 5% Qualcomm stock drop

Top sources

• Qualcomm stock drops 6% on weak earnings forecast as memory shortage weighs on smartphone salesCNBC