QCOM down 6.2% on guidance miss #Shorts

Qualcomm dropped 6.2% to $233.40 after narrowing full-year revenue guidance, signaling weaker smartphone demand and intensifying competition in mobile processors. The chipmaker cited slower handset uptake and extended customer inventory corrections as near-term headwinds. This move extends a broader semiconductor pullback, with investors reassessing growth assumptions across the sector. Qualcomm still holds significant exposure to 5G infrastructure and automotive compute, but near-term visibility has compressed. Market is now pricing in a more cautious cycle for device makers through mid-2026.

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