On Tuesday, shares of Qualcomm (QCOM.US) fell nearly 6% to $204.87.

This movement follows a significant sell-off in major technology stocks last Friday, which saw the Nasdaq 100 Index plummet by 4.8% as investors rotated out of the sector into defensive assets.

In a notable development, trading teams at both Goldman Sachs and Barclays have issued warnings, stating that this sharp decline should not be viewed as an isolated event and that structural vulnerabilities in the market have increased substantially.

Adding to the cautious outlook, Mark Newton, Head of Technical Strategy at independent research firm Fundstrat, commented in a post-market report on Monday. He suggested that the day's market gains resembled a "dead cat bounce" rather than the establishment of a sustainable bottom.

Newton further projected that market weakness is likely to persist at least until late July, with the potential for downside risks to extend into October.