SWKS Plunges Amid Competition For AAPL, QCOM Guidance Weakness Digi Sport 1 Live [M1R5A0Su4XJ]

Published in Everyday Knowledge

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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.

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