Qualcomm warns of memory shortage; Arm, AMD beat estimates

· Tech · United States

Qualcomm delivered better-than-expected results but issued a weak earnings forecast as a memory chip shortage weighs on smartphone sales, sending its shares down 7% in after-hours trading. Arm beat second-quarter revenue estimates on AI and data-center demand. AMD's data center revenue nearly doubled in the third quarter, and CEO Lisa Su expects growth to accelerate. Goldman Sachs and Apollo are seeking buyers for a $40 billion SpaceX AI chip deal, Bloomberg reported. OpenAI's Sam Altman joked about the memory shortage by renaming himself "Ram Altman."

Why it matters：Memory shortages and demand for AI chips are remaking the semiconductor industry's earnings outlook, with effects running from smartphones to data centers.

Key points

  • Qualcomm shares fell 7% on a weak forecast
  • AMD's data center revenue nearly doubled
  • Goldman and Apollo seek buyers for a $40 billion SpaceX chip deal

Sources (original reporting)

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