DigiTimes Reported Sluggish Demand In China Prompts Qualcomm, Mediatek To Cut Wafer Starts And Prices
Portfolio Pulse from Charles Gross
DigiTimes reports that sluggish demand in China has prompted Qualcomm and Mediatek to cut wafer starts and prices. This may affect the stock prices of both companies in the short term.
June 20, 2023 | 10:51 am
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NEGATIVE IMPACT
The iShares China Large-Cap ETF (FXI) may be indirectly affected by the sluggish demand in China, as it includes Qualcomm among its holdings.
FXI holds Qualcomm in its portfolio, and the sluggish demand in China affecting Qualcomm may have a negative impact on the ETF's performance. However, the impact may be limited as Qualcomm is just one of many holdings in the ETF.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Qualcomm's stock price may be negatively impacted by the reported sluggish demand in China, leading to cuts in wafer starts and prices.
As Qualcomm is directly affected by the sluggish demand in China, it has to cut wafer starts and prices. This may lead to reduced revenues and profit margins, which could negatively impact the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100