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 third-quarter earnings that fell just short of Wall Street’s expectations, and while it beat […] The post Qualcomm and Arm see momentum in AI, but smartphone weakness weighs on both stocks appeared first on SiliconANGLE .