9 a. m. in Shanghai, Shenzhen, and here in Hong Kong, you're watching the China show.I'm Yvonne Man with Annabel Jewelers. We're counting down to the opening of markets in Greater China and our top stories this morning. Asian stocks sliding as a rotation out of tech shares continues to gather pace on Wall Street.Fears of disruption for many still rippling through markets. We speak exclusively this hour with Taiwan silicon motion about their latest results and outlook when it comes to the memory chip busines ...

>> THIS IS "THE ASIA TRADE." >> THIS IS "THE ASIA TRADE." I AM SHERY AHN IN TOKYO. I AM SHERY AHN IN TOKYO. AVRIL: AVRIL: I AM IN KUALA LUMPUR. I AM IN KUALA LUMPUR.YOUR TOP STORIES THIS HOUR. YOUR TOP STORIES THIS HOUR. ALPHABET SHARES SWING TO ALPHABET SHARES SWING TO LOSSES. LOSSES.CAPITAL SHARES ARE SET TO HIT A CAPITAL SHARES ARE SET TO HIT A RECORD. RECORD. QUALCOMM SLIDING AFTER A TEPID QUALCOMM SLIDING AFTER A TEPID FORECAST.ROTATION OUT OF TECH FORECAST. ROTATION OUT OF TECH ROSE ON. ROSE ON.THE 10 ...

Core Insights - ARM's fiscal third-quarter licensing revenue increased by 25% year-over-year to $505 million, but fell short of analyst expectations by 2.9% [2] - The company reported record quarterly revenue of $1.242 billion for the last three months of 2025, driven by demand for artificial intelligence, surpassing LSEG SmartEstimates by 1.54% [3] - ARM's stock experienced a decline of 8% in late trading, influenced by Qualcomm's disappointing forecast and the overall tech market pressures [2][5] Financial Performance - ARM's licensing revenue for the third quarter was $505 million, which was below the expected $519.9 million [2] - The total revenue for ARM reached $1.242 billion, marking a significant increase attributed to AI demand [3] Market Context - Qualcomm's fiscal first-quarter results exceeded expectations, but its forecast was negatively impacted by a global memory shortage, leading to a 9.68% drop in its shares [1] - ARM's reliance on royalties from consumer products, particularly smartphones, poses a risk if production declines due to memory shortages [4] - ARM's shares have decreased by 4% year-to-date amid broader tech market pressures [5] Strategic Direction - ARM is attempting to diversify into AI chips for data centers and servers, although the success of this strategy remains uncertain [4]

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]

Balance of power. Live from Washington, D. C.From Bloomberg's Washington, D. C. studios to our TV and radio audiences worldwide.Welcome the balance of power alongside Julie Fine. I'm Joe Matthew. Tonight, a softer touch.President Trump acknowledging his administration could use a different approach on immigration enforcement the same day that 700 federal agents are pulled from Minneapolis. The impact this could have on a possible homeland security shutdown now just nine days away. We'll talk with Republican ...

Core Viewpoint - The earnings reports from major companies, particularly Alphabet, are influencing market dynamics, with a focus on capital expenditures and AI integration impacting investor sentiment [2][4][22]. Market Overview - The trading day saw significant volatility, with the Nasdaq dropping as much as 2.5% and the S&P 500 down 1.1% at one point, but closing with the S&P down only 35 points (0.5%) and the Nasdaq down 350 points (1.5%) [5][6]. - The Dow Jones Industrial Average experienced a gain of over 200 points (0.5%), while the Russell 2000 finished down by approximately 0.9% [6]. Company Earnings Highlights - Alphabet's stock fluctuated, showing a decline of over 3% at its lows and down about 2% heading into earnings [2]. - Alphabet's capital expenditures (CapEx) for 2026 are projected between $175 billion to $185 billion, significantly higher than the previous estimate of $119.5 billion [12][15]. - Fourth-quarter revenue for Alphabet was reported at $13.83 billion, exceeding estimates of just above $11 billion, while operating income was slightly below expectations at $35.9 billion [12][13]. - Google Cloud revenue for the fourth quarter was reported at $6 billion, surpassing the estimate of $6.2 billion [13]. Sector Performance - The technology sector, particularly big tech, faced downward pressure, with a decline of about 1.9% [8]. - Energy stocks performed well, increasing by over 2%, while materials, real estate, and healthcare sectors also showed positive performance [8]. Notable Company Performers - Super Micro reported a strong outlook, with shares up nearly 14% due to robust demand for data center equipment [9]. - Eli Lilly was another top performer, gaining 10% after providing an optimistic sales forecast for the year [10]. Investor Sentiment and Future Outlook - Analysts have not issued any sell ratings on Alphabet, indicating a generally positive outlook despite the stock's recent performance [4]. - The integration of AI tools like Gemini is expected to drive future growth, with monthly active users reported at 750 million [16][24]. - CEO Sundar Pichai emphasized that investments in AI and infrastructure are expected to drive revenue growth across Alphabet's services [22].

Core Insights - Qualcomm reported $12.25 billion in revenue for the quarter ended December 2025, marking a year-over-year increase of 5% and an EPS of $3.50, up from $3.41 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $12.28 billion by -0.26%, while the EPS exceeded the consensus estimate of $3.39 by +3.15% [1] Revenue Breakdown - QCT revenues were $10.61 billion, slightly below the average estimate of $10.75 billion, reflecting a year-over-year increase of +5.3% [4] - Automotive revenues within QCT were $1.1 billion, matching analyst estimates and showing a +14.6% change year-over-year [4] - IoT revenues were reported at $1.69 billion, below the average estimate of $1.76 billion, with a year-over-year increase of +9% [4] - QTL revenues reached $1.59 billion, surpassing the average estimate of $1.5 billion, representing a +3.7% year-over-year change [4] - Handset revenues were $7.82 billion, slightly below the average estimate of $7.89 billion, with a +3.3% year-over-year increase [4] - Licensing revenues were $1.79 billion, exceeding the average estimate of $1.61 billion, reflecting a +3.4% year-over-year change [4] - Equipment and services revenues were $10.47 billion, below the average estimate of $10.76 billion, with a +5.3% year-over-year increase [4] Income Metrics - Income before taxes for QTL was $1.23 billion, above the average estimate of $1.11 billion [4] - Income before taxes for QCT was $3.3 billion, slightly below the average estimate of $3.37 billion [4] Stock Performance - Qualcomm shares have returned -19.3% over the past month, contrasting with the Zacks S&P 500 composite's +0.9% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

分组1 - Qualcomm reported quarterly earnings of $3.5 per share, exceeding the Zacks Consensus Estimate of $3.39 per share, and compared to earnings of $3.41 per share a year ago, representing an earnings surprise of +3.15% [1] - The company posted revenues of $12.25 billion for the quarter ended December 2025, which missed the Zacks Consensus Estimate by 0.26%, but showed an increase from year-ago revenues of $11.67 billion [2] - Qualcomm has surpassed consensus EPS estimates four times over the last four quarters and topped consensus revenue estimates two times during the same period [2] 分组2 - The stock has underperformed the market, losing about 14% since the beginning of the year, while the S&P 500 gained 1.1% [3] - The current consensus EPS estimate for the coming quarter is $2.88 on revenues of $11.14 billion, and for the current fiscal year, it is $11.98 on revenues of $45.44 billion [7] - The Electronics - Semiconductors industry, to which Qualcomm belongs, is currently in the top 27% of over 250 Zacks industries, indicating a favorable industry outlook [8]

Hello and welcome to Asking for a Trend. I'm Josh Lipton and for the next half hour, we are breaking down the trends of today that'll move stocks tomorrow. There's a lot to keep track of, so we're focusing on what you need to know to get ahead of the curve.Here are some of the trends we're going to be diving into. The Trump administration is looking to take on China when it comes to critical minerals. We've got the details on the new partnership that was announced Wednesday.And another commodity we're watch ...

Financial Data and Key Metrics Changes - The company reported record revenues of $12.3 billion and non-GAAP earnings per share (EPS) of $3.50 for fiscal Q1 2026, with non-GAAP EPS at the high end of guidance [6][16] - QCT revenues reached a record $10.6 billion, driven by strong performance in automotive and IoT segments [6][16] - Licensing business revenues were $1.6 billion, with an EBT margin of 77%, reflecting higher units and favorable mix [16] Business Line Data and Key Metrics Changes - QCT handset revenues reached a record $7.8 billion, benefiting from recently launched flagship smartphones [16] - QCT IoT revenues grew 9% year-over-year to $1.7 billion, driven by demand across consumer and networking products [16] - QCT Automotive revenues grew to $1.1 billion, up 15% year-over-year, driven by increased demand for Snapdragon Digital Chassis platforms [17] Market Data and Key Metrics Changes - Global consumer demand for handsets, particularly in the premium and high-tier segments, exceeded expectations, with healthy sell-through observed [6][7] - The handset industry is expected to face constraints due to memory availability and pricing, particularly DRAM, as suppliers redirect capacity to meet AI data center demand [7][18] - The company anticipates that the overall size of the handset market will be defined by memory availability throughout the fiscal year [39][69] Company Strategy and Development Direction - The company is focused on expanding its presence in the premium and high-tier smartphone segments, with a dual flagship product strategy that has been well received [8][42] - The company is investing in AI-native smartphones and intelligent wearables, positioning Snapdragon platforms as the choice for the industry [8][12] - The company aims to strengthen its leadership in automotive and robotics, with multiple design wins and collaborations with major automakers [10][22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the fundamentals of the handset business despite near-term challenges related to memory supply [18][39] - The company expects to return to prior growth trajectories for QCT handset revenues once memory supply conditions normalize [18] - Management remains optimistic about the long-term growth potential in automotive and IoT, with combined growth expected to outpace long-term revenue targets [21][22] Other Important Information - The company returned $3.6 billion to stockholders, including $2.6 billion in stock repurchases and $949 million in dividends [17] - The company completed the acquisition of Alphawave Semi, enhancing its data center solutions [14] Q&A Session Summary Question: What factors are driving the weakness in handset outlook beyond memory pricing? - Management indicated that the weakness is entirely related to memory availability, with strong microeconomic indicators and handset demand observed [26][27] Question: Is the automotive revenue growth driven by ADAS wins? - Management confirmed that the automotive pipeline continues to translate into revenue, with new car launches contributing to record revenues [30] Question: How is the company progressing with data center customers? - Management reported positive progress with customers, including shipping to Humane and engagement with major hyperscalers [34] Question: What is the company's strategy regarding memory shortages? - Management clarified that they do not purchase memory directly but work with customers who do, ensuring flexibility in memory sourcing [67][69] Question: How does the company plan to navigate the memory allocation challenges with larger OEMs? - Management acknowledged that larger OEMs may have better access to memory but emphasized that the issue is industry-wide and not limited to specific customers [73]