News

Australia's S&P/ASX 200 index opened 147.10 points higher, or 1.67%, at 8981.6 points on Thursday, November 5.

Swiss National Bank President Schlegel: There has been no obvious second-round inflation effect yet, but the possibility cannot be ruled out in the future. The central bank will closely monitor the situation.

Swiss National Bank President Schlegel: Swiss inflation has risen, with October data exceeding expectations. The central bank will not hesitate to adjust policy if price stability is at risk.

Qualcomm (QCOM.O) CEO: Expects to maintain a market share of over 70% in the next generation of Samsung smartphones.

Qualcomm (QCOM.O) CFO: With Apple product revenue declining, we do not expect the December quarter to be our best quarter.

Qualcomm (QCOM.O) CEO: The company is in advanced discussions with a data center accelerator customer regarding future custom chips.

Qualcomm (QCOM.O) CFO: QCT mobile phone revenue is expected to decline by a mid-single-digit percentage (around 5%) sequentially in the first quarter of fiscal year 2027.

Qualcomm (QCOM.O) CFO: Q1 FY2027 guidance reflects that shipments of custom chips to two hyperscale cloud service customers have commenced.

Qualcomm (QCOM.O) CEO: The Dragonfly C1000 CPU is still shipping to Meta Platforms (META.O) as scheduled.

Qualcomm (QCOM.O) CEO: Custom accelerators will begin shipping in October, and our connectivity solutions with Amazon Cloud (AMZN.O) will ramp up later this month.

U.S. Senator Tom Tillis, a senior Republican: (Regarding Vance attributing the election loss to the war) I think that analysis is overly simplistic. The war with Iran was just one of many factors. Frankly, Mr. Vice President, do you really think the loss of Hispanic voters was also due to the war? Don't be ridiculous. It's much more complicated.

Qualcomm (QCOM.O) CEO: Data center business is starting to ramp up, and revenue for the December quarter is expected to exceed $650 million.

Qualcomm (QCOM.O) CEO: Looking ahead, our plans assume that global mobile phone shipments will remain flat to decline in calendar year 2027.

Documents show that U.S. Senate Republicans are urging an appeals court to overturn a ruling that found the Environmental Protection Agency (EPA) wrongly authorized the process of revoking California's vehicle emissions regulations.

According to a New York Times report on Wednesday, a growing number of Iranian clerics and officials are urging Iranian leaders to withdraw their pledge not to pursue nuclear weapons. For decades, Iranian officials have publicly supported the late Supreme Leader Ayatollah Khamenei's decrees prohibiting the development and use of nuclear weapons; however, US and Israeli intelligence reports indicate that there are signs Iran is enriching uranium to levels close to those required for nuclear weapons. Regional analysts say Khamenei originally hoped to maintain ambiguity regarding Iran's nuclear intentions to deter attacks without actually developing nuclear weapons; however, the US and Israel's potential wars in 2025 and 2026 have ironically increased public support for nuclear weapons in Iran. Analyst Shabani stated that this "neither possessing nor abandoning nuclear weapons" stance has forced Iran to "pay the price for a nuclear bomb it doesn't possess," and now people feel that unless it possesses an ultimate weapon, it could be subject to the control of the US or even Israel at any time.

Market news: Goldman Sachs and Apollo Global Management are in talks with Wall Street investors to begin selling a portion of a roughly $40 billion SpaceX (SPCX.O) chip financing deal.

According to The Information: Microsoft (MSFT.O) has reduced its data center spending due to delivery delays at cloud service provider IREN.

Qualcomm (QCOM.O): Mobile phone revenue is expected to grow by more than 60% year-on-year.

Qualcomm (QCOM.O) reported a net profit of $1.251 billion for Q4 of fiscal year 2026, compared to a loss of $3.117 billion in the same period last year, while the market expected $1.566 billion.

Qualcomm (QCOM.O) shares fell more than 5% in after-hours trading.