Qualcomm stock Drops After Weak Forecast Tied to Memory Shortage

We start with a surprising twist in the tech world. Qualcomm, a powerhouse in smartphone and wireless chips, saw its stock slip sharply after issuing a weak revenue forecast for the upcoming quarter. The reason? A global memory chip shortage is squeezing smartphone makers and slowing production lines. This has shaken investor confidence, even though Qualcomm posted strong recent earnings.