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.
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Source Fool.com
Qualcomm Inc. Stock
€150.72
0.520%
The stock is one of the favorites of our community with 29 Buy predictions and 2 Sell predictions.
With a target price of 173 € there is a slightly positive potential of 14.78% for Qualcomm Inc. compared to the current price of 150.72 €.
