How Much Further Will Qualcomm Fall After 18% Slide This Year?

Shares of Qualcomm (QCOM) have struggled so far this year, with the stock down more than 18% year-to-date (YTD) and nearly 32% below its 52-week high. Despite the significant pullback, unfavorable industry dynamics around memory supply could weigh on QCOM’s earnings. With sentiment already negative, the possibility of the stock revisiting its two-year low of $120.80 cannot be ruled out. Qualcomm’s Q1 Surpasses Street’s Forecast Qualcomm delivered better-than-expected Q1 financial numbers. Revenue of $12 ...