In this podcast, Motley Fool senior analysts Ron Gross and Jason Moser discuss: Another interest rate hike and a surprising jobs report. Apple's first sales drop since 2019. Guidance overshadowing Amazon's holiday quarter.
Recently, Zacks.com users have been paying close attention to Qualcomm (QCOM). This makes it worthwhile to examine what the stock has in store.
Mobile chip giant Qualcomm's (NASDAQ: QCOM) results are in for the last three months of 2022 (Qualcomm's fiscal 2023 first quarter), and they were as expected: not great. As has been the case for other consumer-facing chip designers, financials are suffering as smartphone sales slowed this winter. As far as Qualcomm management is concerned, this slump still has its limits, and growth should make a comeback in the second half of 2023.