BlockBeats reported on July 25 that Bloomberg, citing a letter, said Qualcomm had told customers it could no longer absorb rising costs and would raise prices by a double-digit percentage. The report tied the move directly to the company’s inability to keep taking on higher pricing pressure. Following the news, market data from BIT (bit.com) showed Qualcomm narrowing its losses, while Nvidia rose 1.2% and touched a fresh intraday high. The item was published as a short market update and did not disclose additional details from the letter, including the exact scale of the increase or the timing of the new pricing. The market reaction cited in the report was limited to BIT data on Qualcomm and Nvidia.
BlockBeats said on July 25 that Bloomberg, citing a letter, reported Qualcomm had told customers it could no longer absorb rising costs and would raise prices by a double-digit percentage.
After the report, market data from BIT (bit.com) showed Qualcomm trimming its losses, while Nvidia gained 1.2% and hit a new intraday high.
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