Today's video focuses on recent news affecting the tech industry. The main topics will be Spotify (SPOT 3.52%) and its push into the metaverse, positive news affecting Intel (INTC +4.96%), and Qualcomm's (QCOM +1.82%) recent earnings report. Here are some highlights.
- Spotify has recently entered the metaverse by creating an experience inside Roblox's (RBLX 1.57%) platform. The long-term plan for the metaverse is for it to be a digital concert hall where Spotify can host digital concerts or other experiences for selected artists. The Spotify experience will transform into a theme park focused on K-Pop music and K-Pop artists in the upcoming weeks.
- Intel has not been a popular stock to own, mainly due to its low growth. Intel recently reported its first-quarter earnings, and revenue was down 1% year over year (YoY), unlike many other semiconductor companies reporting solid double-digit growth. The ship might be turning around for Intel. In the video, I discuss how one of Intel's consumer products has become a bestseller.
- Qualcomm is a stock that is also not popular even though it is seeing strong growth as its considered a company that provides solutions for phones. Still, Qualcomm has started expanding into other emerging markets like automotive and high-performance computing. Qualcomm recently reported 61% YoY revenue growth driven by strength in all its segments.
*Stock prices used were the market prices of May 3, 2022. The video was published on May 3, 2022.
