Qualcomm shares fell 4.2% in premarket trading on Thursday as the chipmaker's downbeat forecast for its patent licensing business overshadowed strong expectations for quarterly sales and profit.

Qualcomm on Wednesday forecast sales and profits above analyst expectations as artificial intelligence features helped fuel demand for smartphones, but its share price fell after the bell on expectations of flat revenue from its patent licensing business.

Qualcomm has shared an interesting data point about its Q4 PC sales but, unfortunately, it isn't quite as impressive as it first sounds.

Qualcomm said Wednesday that it has made strong progress against its goals for Snapdragon PCs, and that its ongoing litigation with Arm had wrapped up. Specifically, according to Circana — which owns the NPD Group — Qualcomm captured more than a 10 percent share of all of the Windows laptops sold in the United States priced higher than $800,

Qualcomm says it owns 10% of Windows PC sales from October to December 2024 — but only for retail and only for devices worth $800 and up.

Wall Street drifted to a mixed close as drops for Ford Motor and Qualcomm worked against buoyant fashion and cigarette stocks. The S&P 500 rose 0.4% Thursday following healthy gains for stock markets across much of Europe and Asia.

Wall Street is drifting Thursday as gains for fashion brands and cigarette makers help offset drops for Ford Motor and Qualcomm following their latest profit reports. The S&P 500 rose

Wall Street is drifting Thursday as gains for fashion brands and cigarette makers help offset drops for Ford Motor and Qualcomm following their latest profit reports.