Qualcomm Beats on Top Line, But Shares Fall

The transcript discusses a company's market performance, highlighting investor reactions to commentary and expectations. It covers the company's future revenue goals and supply issues affecting stock performance. Qualcomm's diversification strategy away from smartphones towards automotive and IoT is also examined, along with its recent quarterly performance and challenges.

What might the phrase 'sell the news' imply about Qualcomm's stock performance?

What new areas is Qualcomm focusing on beyond smartphone chips?