Semiconductors

Qualcomm

Today’s Key News Recap

GOOG

GOOGL

OpenAI

DXYZ

NVDA

QCOM

AVGO

AMZN

UBER

SHOP

GGLS

GGLL

May 6 | Dolphin Research Focus: Macro/Industry. The US SEC has proposed allowing listed companies to voluntarily file semiannual reports instead of quarterly reports, reducing periodic disclosures from four times a year to two. 🐬Companies could continue using Form 10-Q or switch to a new Form 10-S for half-year reporting. The proposal now enters a 60-day comment period and would take effect once adopted.The aim is to ease compliance burdens, curb short-termism among management, and support long-term planning. However, lower transparency and delayed data could weaken price discovery and exacerbate information asymmetry...

Alphabet - C

Alphabet

Destiny Tech100

NVIDIA

Disney

Broadcom

Amazon

AppLovin

Meta Platforms

Uber Tech

Unity Software

ServiceNow

Shopify 

Direxion Daily Googl Bear 1x Shares

Direxion Daily GOOGL Bull 2X Shares

Anthropic inks multi-bn compute pact with GOOGL; cloud chips ignite QCOM AI rally | Daily News Recap

Conference Minutes

INTC

04335

Below are Dolphin Research's Trans for QCOM FY26 Q2 earnings call. For our take, see 'Qualcomm: Will This AI Booster Shot Offset the Handset Weakness?'.I. $Qualcomm(QCOM.US) key takeaways.1) Shareholder returns: $3.7bn was returned to shareholders this quarter. This includes $2.8bn in buybacks and $945mn in dividends, with the capital return program running at an accelerated pace.2) Next quarter (FY26 Q3) guide. Revenue of $9.2-10.0bn...

Intel

INTEL-T

QCOM (Trans): Q3 marked the bottom for China Android; signed a new major client for its custom ASICs.

Financial Analysis

603020

AAPL

QCOM reported FY26 Q2 (quarter ended Mar 2026) after the U.S. close on Apr 30 (Beijing time). Key takeaways: 1) Core metrics.Revenue was $10.6bn, down 3.5% YoY, in line with consensus ($10.56bn). The renewed decline reflected a sluggish downstream handset market.GPM was 53.8% (-120bps YoY), below consensus at 54.6%. Amid memory shortages...

Apple Group

Dragon

Macys

Apple

QCOM: Can the AI boost offset handset softness?

QCOM Q2 FY26 First Take: Revenue was in line with market expectations, while the decline in GPM was driven by a weak downstream handset market and memory shortages/price hikes. These factors weighed on margins in the QCT hardware segment.Outside the quarter, guidance for next quarter remains soft. The company guides revenue of $9.2–10.0bn, below the Street’s $10.2bn, and Non-GAAP EPS of $2.10–2.30, also below $2.38. This points to continued pressure on revenue and GPM next quarter.The largest drag comes from handsets: the company expects next-quarter handset revenue of about $4.9bn, down over 20% YoY, mainly due to tight memory supply. Memory shortages continue to bite and the handset market remains sluggish. Apple’s ongoing in-house baseband development also adds pressure for Qualcomm.The prior share price decline suggests these headwinds are largely understood and priced in. In other words, current results are weak and the market already knows it.Therefore, even a below-consensus guide is having a diminishing impact on the stock. Versus sluggish legacy businesses, investors are more focused on Qualcomm’s AI progress, including data center AI and on-device AI.Recent reports of an on-device AI collaboration with OpenAI sparked a double-digit rally in the shares. As long as management delivers more AI partnerships or order updates, it should add to market expectations. For more details, stay tuned for Dolphin Research’s follow-ups and call Trans. $Qualcomm(QCOM.US) $GraniteShares 2x Long QCOM Daily ETF(QCML.US)

GraniteShares 2x Long QCOM Daily ETF

01211

002594

BYDDF

BYDDY

81211

09866

SPOT

00175

80175

HGMD

GELHY

MSFT

02050

002050

01880

601888

HYDD

0429 | Dolphin Research Focus: 🐬 Macro/Industry 1) The Fed will hold its policy meeting in Washington this week, with the decision due Wed 2:00pm ET (Thu 2:00am Beijing). Markets will focus on the rate decision, policy stance and forward guidance on the easing path.With growth and inflation still resilient, consensus expects rates to be kept on hold this time. 🐬 Single Stocks 1) $NIO-SW(09866.HK) $NIO Inc(NIO.US) Under Nio’s ONVO brand, the smart dual-cockpit, large five-seat flagship SUV ONVO L80 has been introduced. Pre-sales have started.

BYD COMPANY

BYD Company Limited

BYD Company

BYD COMPANY-R

NIO-SW

NIO Inc. USD OV

NIO Inc

Spotify

GEELY AUTO

GEELY AUTO-R

Geely Auto HK SDR 2to1

GEELY AUTOMOBILE HOLDINGS LIMITED SPON ADS EACH REP 20 ORD

Microsoft

SANHUA

Sanhua

CTG DUTY-FREE

BYD HK SDR 10to1

Fed decision due tonight; NIO's ONVO L80 pre-sale in focus | Daily News Recap

09992

KALU

HSAI

00700

80700

TCTZF

TCEHY

02525

01347

688347

ORCL

ORCL-D

DPSK

300274

HPPD

HTCD

0427 | Dolphin Research Focus: 🐬 Macro/Industry1) Last week, DeepSeek surprise-launched its flagship foundation model DeepSeek-V4 and fully open-sourced it, a key market catalyst. With AI advances as a tailwind, semis extended gains today: the Hong Kong Semiconductor Index jumped 5%+, led by SMIC and Hua Hong Semiconductor.The new model is tuned for domestic compute and pursues a non-CUDA stack, expanding edge-AI use cases and sustaining demand for local chips. Flows continue to pile into themes of self-reliant compute and domestic substitution...

POP MART

Kaiser Aluminum

Hesai

TENCENT

TENCENT-R

Tencent Holdings Limited

Tencent

HESAI-W

HUA HONG SEMI

Hua Hong

Oracle

ORACLE CORP DEPOSITARY SH REP 1/2000TH PFD SER D

MediaTek

DeepSeek

Sungrow Power Supply

POP MART HK SDR 20to1

Coca Cola

Tencent HK SDR 10to1

SMIC

SMIC HK SDR 5to1

DeepSeek-V4 open-sourced, igniting the AI compute supply chain; Tencent's QClaw rolls out a major update | Daily News Recap

Xiaomi

01810

81810

XIACY

HXXD

Xiaomi Corp (1810.HK) released Q4 2025 results (quarter ended Dec 2025) after the HK close on Mar 24, 2026 (Beijing time). Key takeaways: 1) Overall performance.Revenue was RMB 116.9bn (+7% YoY), with all growth driven by the Auto biz, while legacy Smartphones &amp; AIoT revenue fell 13.7% YoY. GPM retreated to 20.8%, mainly on sharp margin compression in Smartphones and IoT. Auto margins also started to decline this quarter...

XIAOMI-W

XIAOMI-WR

Xiaomi Corporation

Xiaomi HK SDR 2to1

Xiaomi: Heaven to Hell — What Still Anchors Conviction?---

AAPB

AAPD

AAPU

AAPX

AAPY

APLY

0303 | Dolphin Research Focus: 🐬 Macro/Industry1) Today, both Hong Kong and A-share markets sold off sharply as Middle East geopolitical tensions escalated. Qatar's LNG output halted and the Strait of Hormuz was blocked, stoking fear across markets.Money rotated out of equities and other high-risk assets into safe havens such as gold and crude. Risk assets globally came under pressure.Meanwhile, oil spiked, lifting inflation expectations. Investors fear the Fed may delay its rate-cut cycle, putting high-valuation growth tech under pressure. The Hang Seng Tech index led the declines.

US Global Sea to Sky Cargo ETF

GraniteShares 2x Long AAPL Daily ETF

Direxion Daily AAPL Bear 1x Shares

Direxion Daily AAPL Bull 2X Shares

T-Rex 2X Long Apple Daily Target ETF

Kurv Yield Premium Strategy Apple Aapl ETF

YieldMax AAPL Option Income Strategy ETF

Geopolitical shock triggers broad selloff; AAPL's budget 17e launch props up sentiment｜Daily News Recap

---

9984

SFTBY

SOBKY

NVDL

07788

07388

NVDY

NVDD

NVDX

NVDQ

Below is Dolphin Research's ARM FY2026 Q3 earnings call Trans. For our detailed read-through, see 'ARM: AI tailwinds intact, but smartphones are the current drag?'.Key takeaways: 1) Next-quarter guide: revenue of $1.42-1.52bn (mid-point +18% YoY). Within that, licensing is expected to grow at a high double-digit pace (~20% YoY); royalties are guided to low double-digit growth (11-13% YoY).Memory supply is not the main swing factor. The outlook is driven more by seasonality and a tough comp vs. last year...

SAP AG-Sponsored

SoftBank Group Corp.

SoftBank

GraniteShares 2x Long NVDA Daily ETF

XL2CSOPNVDA

XI2CSOPNVDA

YieldMax NVDA Option Income Strategy ETF

Direxion Daily NVDA Bear 1X ETF

T-Rex 2X Long NVIDIA Daily Target ETF

T-Rex 2X Inverse NVIDIA Daily Target ETF

ARM (Trans): Handset exposure limited; FY2027 to sustain 20% growth

09896

MNSO

TSLA

Feb 5 | Dolphin Research Focus: 🐬 Stock 1, $XIAOMI-W(01810.HK) Lei Jun announced the next-gen Xiaomi SU7 is slated to go on sale in Apr 2026, with small-deposit preorders opening in parallel. The new model makes LiDAR standard across the lineup and upgrades ADAS, range, and chassis tuning.Low-threshold preorders should quickly lock in intent buyers and build backlog toward the annual delivery target. The iteration also closes gaps from the first-gen model.In the near term, this should lift sales expectations for Xiaomi Auto. We will track the production ramp, order conversion, and rivals' price cuts...

Miniso

Tesla

Taiwan Semiconductor

AAPL plans a low-cost MacBook; Lei Jun says the new SU7 is set for Apr | Daily News Recap

RiverFront Increases Qualcomm Stake by 48.1% to 8,038 Shares, Qualcomm Announces $20B Buyback Plan

Qualcomm Announces 2026 QITC Edge AI Contest Finalists, Focusing on 10 Taiwanese Startups

Qualcomm Secures a Major Data Center Customer

Qualcomm Reports Beat Earnings, Announces $20B Buyback, Receives Average Hold Rating

Commerce Minister Wang Wentao Meets Qualcomm CEO Anand, Discusses China-US Trade and Operations in China

CCPIT President Meets Qualcomm and Cargill Executives to Discuss China-US Economic Cooperation on May 15

FactSet: Qualcomm Target Price Raised, Stock Performance Outperforms Market

Qualcomm Opens New R&D Center in Hanoi, Vietnam

Qualcomm and MediaTek Leverage TSMC's N2P Process to Compete with Apple in Performance

Qualcomm CEO Predicts 2026 as the Year of AI Agents

Daiwa Securities Upgrades Qualcomm to 'Outperform'

CORDA Investment Management LLC Increases Qualcomm’s Shareholding

Qualcomm Launches Snapdragon 6 Gen 5 and Snapdragon 4 Gen 5 Mobile Platforms

Qualcomm CEO Cristiano Amon Sells 10,000 Shares

USITC Terminates Investigation of Qualcomm Technologies Based on Settlement

BofAS Raises Qualcomm's Target Price to $165

BofA Securities Predicts Qualcomm's QCT Smartphone Revenue to Recover in Next Quarter

Mutual Advisors LLC Reduces Holdings in Qualcomm

Qualcomm Reveals Q2 Earnings and Predicts Q3 Revenue in Earnings Call

NextNRG

Qualcomm(QCOM.US)

Semiconductor Stocks Experience Significant Decline Amid Market Volatility

RiverFront Investment Group LLC Has $1.38 Million Stock Position in Qualcomm Incorporated $QCOM

BRIEF-AI Chip Startup Tenstorrent Draws Takeover Interest From Intel, Qualcomm- Bloomberg News

Qualcomm Inc. Stock Outperforms Competitors On Strong Trading Day

Quant ratings on Coatue Management's top holdings: TSM, GEV, LRCX, AMAT, AVGO

Micron, AMD, Intel Stocks Could Face An Abrupt Reversal, Top AI Expert Warns

Stronghold Wealth Management L.L.C. Invests $465,000 in Qualcomm Incorporated $QCOM

Huge news for Qualcomm stock investors

Qualcomm stock slides as analysts split on valuation outlook

Trending