Qualcomm Rises Amid Memory-Chip Squeeze as DRAM Prices Surge 75%
Qualcomm shares gained 1.6% as memory-chip shortages tightened supply chains, with DRAM prices spiking 75% between December and January. CEO Cristiano Amon noted resilient flagship handset performance despite constraints.
The squeeze threatens smartphone and PC production costs, with markets reopening Tuesday after Presidents Day. Analysts monitor shipment delays and order impacts across consumer electronics.