Dear Qualcomm Stock Fans, Mark Your Calendars for February 4

Qualcomm Incorporated (QCOM) is starting 2026 on the back foot, as Wall Street grows uneasy about its long-term grip on the modem market. The latest blow came from Mizuho Securities, which downgraded the shares to “Neutral” and lowered its price target, citing rising competitive risks, most notably from one of Qualcomm’s largest customers. For years, Apple (AAPL) relied on Qualcomm’s modem technology to power iPhones, while Qualcomm chips also fueled a vast ecosystem of Android smartphones and Windows lapt ...