The good news is that capital is not leaving the market, just rotating within. From high beta AI related names to more defensive ones like healthcare. And those still wanting to remain within tech are congregating in big tech names like Apple.
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QCOM (Trans): Initiated double-digit product price hikes
The following is Dolphin Research's Trans for the $Qualcomm(QCOM.US) FY26 Q3 earnings call.
1) Shareholder returns: $2.3bn was returned to shareholders this quarter, including $1.4bn in buybacks with the balance in cash dividends.
2) Results recap: FQ3 revenue was $9.9bn, at the high end of guidance, and non-GAAP EPS was $2.21; by segment, QCT delivered $8.5bn in revenue with a 26% EBT margin...
QualcommConference Minutes