Sabtu, 03 September 2022

Meta, Qualcomm strike agreement on custom virtual reality chips

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The companies' engineering and product teams will work together to produce the chips, which will be powered by Qualcomm's Snapdragon platforms, they said in a statement.


The price target change is driven by weaker revenue and "continued subdued profitability outlook." The analyst highlights the lower revenue run rate and limited cost-cutting as two key factors why he remains Sell-rated.





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