QUALCOMM TECHNOLOGIES
Qualcomm layoffs severance package: 3 months' salary, extra payout based on years of service & one more month's pay for signing exit papers within 3 days; what employees are being offered
Qualcomm has reportedly begun laying off employees in India as part of a global workforce restructuring exercise that could affect around 1,000 staff, or 5–6% of its workforce in the country. Reports suggest affected employees may be offered three months' salary as severance, with additional compensation based on tenure and an extra month's pay for those who sign exit documents within three days. Qualcomm has not publicly confirmed the reported severance package.
Nvidia scandal rocks tech world Web Summit
Allegations of Chinese spying on Nvidia dominated a top world tech conference on Tuesday, with some executives seeing potential opportunities in the turmoil at the US artificial intelligence chip giant. Chinese technology executives attending the summit highlighted emerging alternatives to Nvidia.
US stocks: Dow Jones rallies 500 points, Nasdaq over 2% as chip stocks rebound; Nvidia probe weighs
Wall Street's indexes climbed as investors honed in on Nvidia CEO Jensen Huang's investigation and awaited crucial inflation data. Nvidia's shares faced declines due to worries over foreign intelligence, yet analysts proposed that the sell-off in AI stocks was potentially overblown. Tech giants like Microsoft and Alphabet, along with chip manufacturers such as Marvell and Broadcom, enjoyed substantial gains.
Samsung Galaxy S27 series: 200MP cameras, magnetic charging, new Pro model and other expected features
Samsung's Galaxy S27 series could introduce a new Pro model, built-in magnets for MagSafe-style accessories, improved privacy display technology and upgraded cameras. Here's a look at the expected specifications, including Exynos 2700 and Snapdragon processors, battery capacities, launch timeline and prices.
US polls hit tech stocks; Qcomm’s Dhanteras gold rush
US technology stocks took a major beating days after the Democratic Party took control of both chambers of the Congress. This and more in today’s ETtech Top 5.
US stocks suffer worst rout since 2020: Dow plunges 1,800 points, Nasdaq crashes 5.5% as AI fears wipe out $3 trillion
Wall Street experienced a major selloff in technology stocks following recent midterm election outcomes. The Nasdaq Composite recorded its steepest decline in 19 months, while the S&P 500 also fell sharply. Investors are worried about potential regulations impacting AI infrastructure growth amid increasing political resistance. Major chipmakers, including Nvidia, saw significant losses alongside other AI-related companies. Analysts are closely monitoring upcoming economic data to gauge the Federal Reserve's actions.
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Indian stocks set for pullback after sharp rally on oil slide, foreign inflows
Indian markets are likely to experience a decline on Friday following a global market selloff. Investor concerns are rising due to the impact of the US Democratic win on regulations and foreign policy. Both Nifty 50 and BSE Sensex ended their six-session winning streak on Thursday. Foreign institutional investors made substantial stock purchases amid shifting market dynamics related to AI.
QQQ stock today falls over 5%: Why Nvidia (NVDA), Qualcomm (QCOM), Intel (INTC) and Marvell (MRVL) are dragging down Invesco QQQ Trust
QQQ stock: Invesco QQQ Trust fell more than 5% toward $655 on Thursday as investors sold technology and semiconductor stocks following the US midterm elections. Qualcomm's disappointing chip sales and concerns over AI data center spending added to the pressure, even as QQQ increased its holdings in Nvidia, Apple and Microsoft on Tuesday.
Stock markets down today: Dow Jones plunges 1,753 points, S&P 500 drops 4% and Nasdaq enters correction - why Wall Street reversed its post-election rally
Stock markets down today: Wall Street's post-election rally quickly turned into a major sell-off as the Dow plunged 1,753 points and the Nasdaq entered correction territory. Fears that Democratic victories could slow AI data-center expansion triggered heavy losses in Nvidia, AMD, Micron and other technology stocks, wiping out Wednesday's gains.
Nasdaq tumbles over 3% as tech stocks extend selloff after Democrats sweep midterms; Tesla plunges 9%, chipmakers slide
US stocks faced a sharp decline on Thursday, particularly in technology shares, amid concerns over regulatory scrutiny. The Nasdaq Composite fell over 3%, reversing optimism following the Democrats' midterm election victories. Key companies including Nvidia, Advanced Micro Devices, and Tesla were among the hardest hit. Investors expressed worries about the implications of stronger Democratic control on the artificial intelligence industry.
SanDisk stock crash deepens: Why did SNDK fall 19% today, wiping out 36% in six trading days?
SanDisk stock: SanDisk shares plunged more than 19% on Thursday, extending a six-session slide despite strong quarterly earnings and an upbeat forecast. Growing attention on China’s CXMT, pressure across memory stocks and concerns about data-centre expansion have added to the sell-off.
Was Michael Burry right about the AI bubble? Wall Street loses $2 trillion as AI and chip stocks plunge: Why are Tesla, Palantir, AMD, Broadcom and SanDisk crashing?
Michael Burry's warning about an AI bubble is back in focus as Wall Street loses more than $2 trillion in market value. On Thursday, November 5, AMD shares plunged around 12%, SanDisk fell 14%, Micron dropped 10%, while Nvidia lost nearly 7%. Tesla and Palantir also fell 9% and 8%, respectively. The sell-off spread across chipmakers, memory companies and AI infrastructure stocks. The Dow fell 2.36%, the S&P 500 dropped 3.11%, and the Nasdaq sank 4.20%, as investors questioned whether massive AI investments can deliver enough returns.
Micron, SanDisk, AMD and Qualcomm stocks plunge as US stock market crashes today: Dow, Nasdaq and S&P 500 turn red as chip selloff deepens – What is driving Wall Street's sudden reversal?
US stock market crash today: The Dow, Nasdaq and S&P 500 are all trading in the red, while some of the biggest semiconductor stocks are losing ground. Micron (MU), SanDisk (SNDK), AMD and Qualcomm (QCOM) are among the hardest hit, with Western Digital and Seagate also extending their losses. Qualcomm's weaker revenue and cautious outlook have added to concerns about chip demand. But why are AI and memory chip stocks falling so sharply?
Arm beats second-quarter revenue estimates on AI and data-center demand
Arm said its server-chip architecture accounted for more than 50% of deployments at major cloud providers in 2025 and is expected to exceed 60% by the end of 2026.
US stock market stages big rally today: Why is Dow Jones surging? Dow jumps 1,100 points as S&P 500 and Nasdaq turn green, with healthcare stocks at the centre
US stock market today: US stocks rallied sharply on Wednesday after Democrats won control of Congress. The Dow Jones jumped 1,143 points, while the S&P 500 and Nasdaq also posted strong gains. Healthcare stocks attracted fresh buying, with Molina Healthcare, Centene and HCA Healthcare rising around 6% to 7%. Amazon and solar stocks also climbed, while Nvidia shares moved lower.
US stock futures rise after midterms: Why are Dow Jones futures up nearly 800 points despite a Democratic sweep? S&P 500, Nasdaq gain as AMD and Nvidia stocks climb
Why are US stock futures rising after Democrats win the Senate and House? Dow leads Wall Street rally as AMD, Nvidia and semiconductor stocks gain. Earlier, at 06:02 ET, Dow futures were up 801 points, or 1.6%. S&P 500 futures were up 80 points, or 1.1%, and Nasdaq 100 futures were up 286 points, or 1.0%.
Qualcomm signs major 5G infrastructure deal with SpaceX for Starlink Mobile network
Qualcomm said the equipment would provide a flexible foundation for a multi-band network, which can be deployed in stages. The initial rollout will focus on terrestrial 5G, with the architecture designed to accommodate developments in connectivity and network intelligence.
Samsung Galaxy S27 Ultra expected in 2027 with 200MP camera, Snapdragon chipset: What leaks suggest
Samsung Galaxy S27 Ultra could arrive in early 2027 with a redesigned rectangular camera module, a 200MP primary sensor and a 50MP periscope telephoto camera, according to leaks. The smartphone is also tipped to feature a Snapdragon 8 Elite Gen 6 Pro chipset, a 5,500mAh battery and 60W wired charging.
US Midterm elections, Apple earnings, jobs data to test Wall Street after AI rout
Wall Street faces a pivotal week as US midterm elections, major corporate earnings and October jobs data test investor sentiment. Recent AI-led tech selloffs have heightened concerns over infrastructure spending and returns. Apple, AMD and Palantir results, alongside regulatory uncertainty and economic signals, could determine market direction and volatility.
US Stock Market prediction: S&P 500, Nasdaq, Dow Jones, Russell 2000 set for surprise opening on Monday, Apple, AMD, Palantir, Qualcomm other stocks to follow
Wall Street today: U.S. war with Iran has been ongoing since February and has essentially shut down the vital Strait of Hormuz.
Wall Street Week Ahead: Midterm US elections, earnings, jobs data loom for AI-wary stock market
As we approach the US midterm elections next week, stock investors are bracing for the impact of significant corporate earnings reports. The market is already under pressure due to unsatisfactory AI earnings from leading firms, sparking worries about regulatory challenges. Investor focus will be on earnings from major players like Apple and AMD, with the upcoming jobs report additionally providing insights into the strength of the US economy.
Why Intel stock price down today? How the AI memory crunch and weak PC demand hit its forecast, and could the selloff deepen?
Intel (INTC) Stock Crash: Intel shares fell about 29 per cent on Friday after a weak December quarter forecast. Falling PC demand and costlier memory chips are hurting the company, and the selloff has spread to other chip and server stocks.
Anduril and Qualcomm plan to build laptop with US supply chain
The companies unveiled a new product line on Tuesday called BlueChip intended to supply “America’s most critical industries — including government, defense, first responders and public safety,” according to a statement. The eventual goal is to establish an “end-to-end American supply chain” for the laptops and, more broadly, to rebuild US computer manufacturing, the companies said.
US stocks today: US stocks slide as AI spending jitters hit Nasdaq, oil prices rebound
US stocks opened lower on Thursday as renewed concerns over the outlook for artificial intelligence weighed on growth stocks. Tesla and Meta earnings failed to ease AI-related jitters, while rising oil prices added to market pressure. The Nasdaq fell 1.48%, while the S&P 500 and Dow also declined at the open.
IMF, OECD warn AI could widen rich-poor country divide
Recent conversations underscore the transformative possibilities of artificial intelligence in fostering global economic growth and improving productivity. Nevertheless, challenges in accessing this technology persist for less affluent nations and smaller enterprises. Additionally, youth and entry-level workers might experience increased job insecurity due to AI's workplace disruptions. As corporations initiate workforce reductions to adapt to AI, effective adoption of this technology will be vital in creating fair growth prospects moving forward.
IMF, OECD warn AI could widen rich-poor country divide
Artificial intelligence holds the potential to significantly enhance global economic growth and productivity rates. However, poorer countries and smaller businesses face severe challenges in adopting this technology due to inadequate resources. Young and entry-level workers are particularly at risk as AI increasingly automates entry-level tasks traditionally used for gaining experience. Reports indicate significant layoffs occurring in various companies as they adopt AI for efficiency.
Eternal’s strong Q2 report; Exits outpace hiring at top IT firms
Happy Thursday! Eternal’s Q2 revenue surged on Blinkit’s growth. This and more in today’s ETtech Morning Dispatch.
Qualcomm sells nearly 1% stake in Shadowfax Technologies for Rs 157 crore
Qualcomm Ventures, through its affiliate Qualcomm Asia Pacific Pte Ltd, sold a little over 57.13 lakh shares, representing a 0.98% stake, in Bengaluru-based Shadowfax Technologies, according to bulk deal data on the BSE.
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