On July 17, Qualcomm fell 3.12% in regular trading, trading at $166.11/share, with turnover of $339 million, extending its multi-day decline.

On the news front, the broader semiconductor sector came under significant selling pressure, with Advanced Micro Devices down 6.65%, Intel down 6.56%, Micron Technology down 4.64%, NVIDIA down 3.71%, and Broadcom down 3.69%, dragging Qualcomm lower in tandem. Adding to company-specific headwinds, Citi previously placed Qualcomm on its 30-day downside catalyst watch list, citing weak smartphone sales growth as a key downside risk. Market participants also remain concerned that major handset OEMs are accelerating transitions to in-house connectivity solutions, threatening Qualcomm's long-term chip supply and licensing revenue streams.

With the company's quarterly earnings report scheduled for July 29 (expected EPS: $1.54), near-term uncertainty has intensified, amplifying the tug-of-war between bulls and bears. Notably, while HSBC recently raised its target price to $180 and Arete set an aggressive $314 target, both maintained cautious stances given the smartphone headwinds.

(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.)