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Why Qualcomm Stock Tumbled on Thursday

TheMotleyFool 
0 0 26.09.25
Why Qualcomm Stock Tumbled on ThursdayPhoto, wide shot, wide-angle lens, Networking equipment supplier, sunset photo at golden hour, photo by Marc Adamus: https://img.midjourneyapi.xyz/temp/66e3509e-f4c6-4a7b-8e88-53fcc02cf17f.png
 

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.

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Source Fool.com

Qualcomm Inc. Stock

€144.96
-0.140%
The price for the Qualcomm Inc. stock decreased slightly today. Compared to yesterday there is a change of -€0.200 (-0.140%).
Currently there is a rather positive sentiment for Qualcomm Inc. with 40 Buy predictions and 10 Sell predictions.
As a result the target price of 174 € shows a positive potential of 20.03% compared to the current price of 144.96 € for Qualcomm Inc..
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