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Qualcomm delivered better-than-expected quarterly results on Wednesday but issued a weak earnings forecast, and its shares fell about 6%. The company's outlook was weighed down by a memory shortage affecting smartphone sales, according to the reports. The sources gave no specific revenue or profit figures.

1 outlet · 1 article · first seen Nov 4, 5:00 PM ET

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  • XLK closed at 176.50, down 0.01%, on 2026-11-04. Listed for: Technology sector ETF.

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Corroborated by 1 outlet (GDELT)