Qualcomm and Arm see momentum in AI, but smartphone weakness weighs on both stocks

Source: SiliconANGLE News· Mike Wheatley· July 30, 2026
Qualcomm and Arm see momentum in AI, but smartphone weakness weighs on both stocks

Shares of the chipmakers Qualcomm Inc. and Arm Holdings Plc were trading lower after-hours today after warning of sluggish demand in the smartphone industry due to rising prices relating to the cost of key components such as memory chips. Qualcomm reported th…

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