Qualcomm

And corporate earnings continue this week.

Apple, AMD and Qualcomm among the major companies reporting results.

Investors looking for signs that massive investments in AI are actually generating profits.

But Friday's jobs report will be the week's main event.

And then we brought a bunch of gas with us so that we would have power not only for the air conditioning, but we also were like, we're going to need to charge all the batteries.

Our cell phone, my giant Qualcomm.

Right.

The retractable antenna.

Like, why do you want to see him again? Exactly.

You just were starting to see all of this stuff.

And the other thing is they built a wall around 99, a giant plywood wall that was like 12 feet tall.

And it was painted with like, I have a piece of it.

It was a glorious five minutes.

Anduril and Qualcomm just announced Blue Chip, a line of hardened American-made computers.

The first is a rugged laptop for soldiers and first responders.

It runs on a Snapdragon chip made at TSMC's plant in Arizona.

So like I say, there was a lot of constructive things going on, but because the market, the SPY is market cap weighted.

When you have big, nasty falls, like NVIDIA down 5%, Micron down 7%, AMD down 12%, Intel down 30%, Qualcomm down 12% right now, Google down 2%.

The bigger these names are on here, the more of a pull they're going to have on the market.

Jeepers creepers, are they pulling it down hard today? The NASDAQ is down over 4% at the time of this recording right now.

Broadcom 5.5%.

Qualcomm fell 11.1%.

AMD down 10.9%.

And Intel... 28.6% down.

I'll have to go to the next slide for that one.

Qualcomm, Uber, AMD and Apple, Palantir.

um will be tuesday morning as well so um but look we went through this on friday we did the hyperscale of cash burn uh and those names there obviously being the worst ones and uh you know the man the boys they're burning some cash on behalf of um on behalf of the uh the hyperscalers for them in the data center there but uh yeah so pretty big week really we've and we've got payrolls on friday night as well um it won't really matter i wouldn't imagine uh i think the the midterm election is really the big thing they're saying that it could because of the postal votes and things and trump's uh pension for well basically um yeah basically for um legal action around this stuff um that we won't get a result until later uh but yeah that i mean we got 63k for for forecasts for uh for payrolls and not good um futures is only four points lower in on the asx despite uh bhp and rio we're down 3.2 and 1.7 And the gold miners will probably get smacked up today as well as the silver miners, as you can sort of see, down three, down five, down three.

As I say, I'm not entirely sure why.

Tuesday, we have earnings from Arista, Shopify, Pfizer, Booking.

Wednesday, it would be MACD, Arm Holdings, Qualcomm, Uber.

and snap and on thursday it would be abnb plus bank of england's interest rate decision friday we have earnings from moderna we will have october job report economists have expected 65 000 job addition for the month Plus, for the whole week, we would be watching out for any news on IPO from Anthropic.

That's all for this week's 108 Wealth Weekly Market Wrap.

So I think they will be able to iterate their way there, but having a 6G modem means that they want to be competitive.

Qualcomm and Samsung and everybody else who's in the space.

And I think that will resolve itself pretty quickly.

And I think there will be, I think 6G will push for more integrations of cellular and Apple will have maybe even some IP to share so they can maybe cross license and maybe even save money on licensing deals like they can have with Qualcomm.

It's funny, this stuff takes a long time to develop these kinds of expertise.

This is really complicated stuff.

So I actually remember back when I was a reporter, I called you to get a comment about Apple developing its own chipset technology.

This was back when Verizon or Apple exclusively used Qualcomm.