Qualcomm Slips; DoorDash Plunges; Fortinet Falls
- Qualcomm (QCOM) shares dropped in premarket trading after the chipmaker reported its fourth-quarter results and gave an outlook. Analysts are broadly positive on the report, which showed a profit hit from a US tax change. Qualcomm took a $5.7 billion writedown in period, which contributed to a $3.12 billion net loss. Other tech companies have recently reported hefty one-time charges from tax adjustments, including Meta Platforms Inc.- DoorDash (DASH) shares plunged in the early session after the US food-delivery app leader said it will spend more on investments next year to build new…
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