On June 26, Qualcomm fell 3.12% in pre-market trading to $201.5/share, with turnover of $5.68 million. The decline comes as the broader semiconductor sector undergoes collective profit-taking following the previous session's strong gains.

Qualcomm surged over 11% on June 25 after its Investor Day in New York, where the company doubled its fiscal 2029 non-handset revenue target to $40 billion, set a data center business goal exceeding $15 billion, and secured landmark orders from Meta and Microsoft Azure for its Dragonfly C1000 CPU and High Bandwidth Compute chips. Multiple Wall Street firms raised their price targets, with Morgan Stanley upgrading from Underweight to Equal Weight and lifting its target from $146 to $231, while Benchmark raised its target to $300.

The current pullback reflects broad sector-wide profit-taking rather than company-specific concerns. Within the Semiconductors sector, Micron Technology is down 3.92%, Marvell Technology down 3.33%, Intel down 3.15%, Advanced Micro Devices down 2.85%, and NVIDIA down 1.35%.

(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.)