Why Qualcomm Stock Tumbled on Thursday
Sturdy semiconductor company (NASDAQ: QCOM) was looking a touch shaky on the stock exchange on Thursday. After something of a rally coinciding with its annual Snapdragon Summit, it fell by more than 2%. Contributing factors included profit-taking, concerns about newly announced chips, and an analyst recommendation downgrade.
The summit concluded on Thursday, with Qualcomm's major development being the unveiling of those chips, the Snapdragon X2 line. This is the second generation of the X series launched to great fanfare last year, not least because it plunged the company directly into the PC market.
Image source: Getty Images.
Source Fool.com
Qualcomm Inc. Aktie
108,64 €
-1,13 %
Klarer Community-Favorit: Qualcomm Inc. mit vielen Buy- und wenigen Sell-Einschätzungen.
Ein Kursziel von 171 € für Qualcomm Inc. würde eine Steigerung von mehr als 50% gegenüber dem aktuellen Kurs von 108.64 € bedeuten.
