Market clearly unimpressed. Heading down below $50.
Cost savings too little too late.
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Yep NVDA also down on TSMC but Q down way more.
NVDA also seemsto recover from such relatively minor news, Q never seems to fully recover anymore. Q takes the hits and stumbles and sustains long term damage.
This latest layoff misstep and NXP deal trobles just further highlights Qualcomm is a company of Lion's led by donkeys.
That's because of TSMC earnings and guidance. AAPL NVDA falling too.