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Business briefing · Thursday, November 5, 2026 · Daily edition · Story 3 of 5
Qualcomm stock falls due to weak forecast and memory shortage
Qualcomm's stock dropped 7% as weak earnings forecast and memory shortages impact smartphone sales. The company faces loss of Apple's business and reduced demand due to high memory costs.
Why it matters: The stock decline highlights challenges in the smartphone industry and Qualcomm's reliance on key customers and component availability.
Sources: MarketWatch · CNBC
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