financetom
Business
financetom
/
Business
/
Update: Qualcomm Shares Decline on Report AI Laptop Using Snapdragon Found Incompatible With Some Software
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Update: Qualcomm Shares Decline on Report AI Laptop Using Snapdragon Found Incompatible With Some Software
Jun 21, 2024 12:55 PM

03:39 PM EDT, 06/21/2024 (MT Newswires) -- (Updates with Qualcomm's ( QCOM ) response.)

Qualcomm ( QCOM ) shares fell 5.7% in Thursday trading, a day after the Wall Street Journal reported an artificial-intelligence laptop powered by the company's processor had trouble running some applications.

Some Adobe (ADBE) software, as well as popular video games including League of Legends and Fortnite, were found to be incompatible with Samsung's recently released Galaxy Book 4 Edge which comes with Qualcomm's ( QCOM ) Snapdragon and a version of Microsoft's ( MSFT ) Windows 11 that is based on technology from UK-based Arm Holdings ( ARM ) , the WSJ reported.

Samsung attributed the incompatibility to Windows 11 Arm and the Qualcomm ( QCOM ) processor, according to a notice on its Korean-language product site, the WSJ said.

A Qualcomm ( QCOM ) spokesperson directed MT Newswires Friday to Adobe's website that states its applications InDesign and Illustrator are due out in July on AI laptops with Snapdragon processors. Adobe also listed After Effects coming to MS Copilot+ PCs.

"The Snapdragon Studios team is collaborating with game developers to harness the full potential of the Adreno GPU," the spokesman said in an emailed response.

More than 1,000 games from Steam, Battle.net, Epic Games Launcher and others are available at full high-definition with 30-plus hertz, according to the spokesperson.

Samsung, Microsoft ( MSFT ) and Arm still have not responded to requests for comment from MT Newswires.

Price: 212.03, Change: -3.44, Percent Change: -1.60

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
CF Industries Holdings Insider Sold Shares Worth $438,705, According to a Recent SEC Filing
CF Industries Holdings Insider Sold Shares Worth $438,705, According to a Recent SEC Filing
Mar 19, 2026
04:27 PM EDT, 03/19/2026 (MT Newswires) -- Richard A Hoker, Vice President and Corporate Controller, on March 17, 2026, sold 3,499 shares in CF Industries Holdings ( CF ) for $438,705. Following the Form 4 filing with the SEC, Hoker has control over a total of 51,060 common shares of the company, with 12,524 shares held directly and 38,536 controlled...
A1R water and Inflection Point Acquisition Corp. III Announce Upsizing of PIPE Investment to $83.5 Million
A1R water and Inflection Point Acquisition Corp. III Announce Upsizing of PIPE Investment to $83.5 Million
Mar 19, 2026
MIAMI, March 19, 2026 /PRNewswire/ -- A1R water and Inflection Point Acquisition Corp. III ( IPCX ) (Inflection Point) today announced a significant expansion of their previously disclosed PIPE, increasing total commitments to approximately $83.5 million. The increase includes participation from new and existing investors, and over $35 million has been or will be funded prior to the closing of...
Ebay Insider Sold Shares Worth $1,199,684, According to a Recent SEC Filing
Ebay Insider Sold Shares Worth $1,199,684, According to a Recent SEC Filing
Mar 19, 2026
04:28 PM EDT, 03/19/2026 (MT Newswires) -- Jordan Douglas Bradley Sweetnam, Senior Vice President, Chief Commercial Officer, on March 18, 2026, sold 12,978 shares in Ebay ( EBAY ) for $1,199,684. Following the Form 4 filing with the SEC, Sweetnam has control over a total of 42,948 common shares of the company, with 42,948 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1065088/000106508826000057/xslF345X05/form4.xml...
Torrid Fiscal Q4 Loss Widens, Revenue Falls; Issues Guidance
Torrid Fiscal Q4 Loss Widens, Revenue Falls; Issues Guidance
Mar 19, 2026
04:28 PM EDT, 03/19/2026 (MT Newswires) -- Torrid (CURV) reported a fiscal Q4 loss late Thursday of $0.08 per diluted share, widening from a loss of $0.03 a year earlier. Analysts polled by FactSet expected a loss of $0.13. Net sales for the quarter ended Jan. 31 were $236.2 million, down from $275.6 million a year earlier. Analysts surveyed by...
Copyright 2023-2026 - www.financetom.com All Rights Reserved