Analysts downgrades Qualcomm on Apple modem risk
On Monday, Wolfe Research analyst Chris Caso downgraded Qualcomm stock to “Peer Perform” from “Outperform” as it expects the company will face headwinds as Apple begins to move away from its modem chips next yea
“It’s no surprise Apple has been pursuing a modem,” he wrote. “Recent checks suggest the Apple modem is indeed coming.”
The…
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