Qorvo, a key Apple supplier reported strong earnings and guidance, but the stock dropped after the company warned of flat sales to its “largest customer.” ...

Qorvo, which makes radio-frequency chips for connectivity in Apple iPhones, iPads, and other devices, has a market value of almost $7 billion. The stock jumped 12% to $82.38 in morning trading.

What goes up must come down. Traders initially liked Qorvo (QRVO)'s third-quarter results and guidance, but comments about Apple spooked investors. Read for more.

Reports indicate that TSMC and other semiconductor companies have been working on the M5 chip series since last month.

Apple stock rises after falling ... Court upholds a ban on TikTok, and Qorvo stock jumps after activist Starboard Value amasses a large stake in the chip maker.

Qorvo shares initially surged more than 13% after the company reported better-than-expected earnings, but reversed due to comments made about sales ... which counts on Apple for an outsized ...