Qualcomm’s (QCOM) Hurt By Memory, Says Jim Cramer

Core Viewpoint - QUALCOMM Incorporated (NASDAQ:QCOM) is facing challenges due to weaker-than-expected guidance influenced by concerns regarding Apple's products and issues in the Chinese smartphone market [2]. Company Overview - QUALCOMM is one of the largest semiconductor designers globally, with its products utilized in smartphones, cars, and various other devices [2]. - The company's shares have declined by 18% over the past year and by 20% year-to-date [2]. Earnings Guidance - Cantor Fitzgerald anticipates that QUALCOMM may issue guidance below expectations, projecting adjusted earnings per share between $2.45 and $2.65, and revenue between $10.2 billion and $11 billion [2]. - These projections are lower than analyst estimates, which forecast revenue of $11.11 billion and earnings of $2.89 per share [2]. Market Commentary - Jim Cramer highlighted that QUALCOMM is adversely affected by memory supply issues, comparing it to Sony, and noted that companies with better memory access, like Apple, are performing better despite their own challenges [3].