Top Wall Street analysts are optimistic about dividend stocks as the Federal Reserve embarks on a rate-cutting campaign. Exxon Mobil (XOM) reported strong Q3 results, increasing its dividend for the 42nd consecutive year, while Coterra Energy (CTRA) aims to return over 50% of its free cash flow to shareholders. Walmart (WMT) also raised its annual dividend, benefiting from robust e-commerce growth and improved margins.
Qualcomm is enhancing its mobile phone chips by integrating technology initially developed for its laptop chips, specifically for generative AI tasks. The Snapdragon 8 Elite chip will feature custom computing technology branded as “Oryon,” with additional tools for software developers. Major manufacturers, including Samsung, Asustek, and Xiaomi, are set to adopt this new chip.
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