Movement Alert｜Qualcomm Falls 6.29% in Regular Trading, Earnings Expectations and Chip-Sector Weakness Weigh on Shares

Market Focus10-30 21:41

On October 30, Qualcomm fell 6.29% in Regular Trading to $173.33/share, with turnover of $220 million.

The move coincided with weaker expectations ahead of Qualcomm's November 4 earnings release and a broad semiconductor selloff after Intel's outlook disappointed, pressuring peer stocks across the group.

Market expectations indicate Qualcomm's quarterly revenue is projected at $10.116 billion, down 6.27% year over year, adjusted EPS at $1.46, and EBIT at about $2.784 billion, down 23.40%. On the same day, major semiconductor names also declined, including Intel falling 28.62%, AMD falling 8.72%, Broadcom falling 4.25%, NVIDIA falling 3.22%, and Micron Technology falling 4.09%, highlighting broader risk-off sentiment in the sector.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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