Stock Movers Qualcomm Falls on Earnings; Peloton Slashes Outlook; Estée Lauder Disappoints
Feb 5, 2026
A market roundup highlighting Qualcomm’s revenue miss tied to memory supply constraints. Peloton’s downgraded outlook and leadership change after lackluster hardware sales. Estée Lauder’s raised guidance still leaves investors uneasy about the pace of its turnaround.
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Memory Shortage Hits Qualcomm
- Qualcomm beat earnings but warned future revenue would soften due to memory chip supply constraints.
- AI-driven demand for memory is shifting production and squeezing smartphone margins, hurting Qualcomm's handset outlook.
AI Demand Reallocates Memory Supply
- Large AI projects are redirecting memory chips toward data centers and away from smartphones.
- This reallocation elevates AI firms' production priorities and pressures handset suppliers like Qualcomm.
Peloton's Revamp Didn't Spark Turnaround
- Peloton's stock slid after it missed earnings and cut sales guidance despite a recent hardware revamp.
- The company improved adjusted EBITDA guidance but still faces weak sales and a CFO departure amid the turnaround struggle.