HomeMarketsEarningsSWKS Plunges Amid Competition for AAPL, QCOM Guidance Weakness

SWKS Plunges Amid Competition for AAPL, QCOM Guidance Weakness

Despite posting an earnings beat, chipmaker Skyworks Solutions (SWKS) plunged more than 25% in premarket trading. Jenny Horne attributes the massive sell-off to increasing competition for Apple's (AAPL) business. As for Qualcomm (QCOM), the weakness in guidance shed some investor confidence.

Morning Trade Live

06 Feb 2025

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