Qualcomm Shares Plunge 7% as Investors Question Bold Growth Projections Beyond Smartphones

By Yahoo! Finance | Nov 20, 2024 at 02:00 PM EST

Qualcomm's stock fell 7% following its Investor Day, where CEO Cristiano Amon outlined plans to expand into automotive and IoT markets. Despite ambitious revenue projections, investors are skeptical due to challenges in smartphone sales and reliance on China.

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