On June 26, Qualcomm fell 3.1% in regular trading, trading at approximately $198.41/share, with turnover of $15.27 billion. The decline reflects broad-based profit-taking across the semiconductor sector following the stock's sharp 11%+ surge during the prior session's investor day event.

On June 25, Qualcomm hosted its investor day in New York, where it nearly doubled its fiscal 2029 non-handset revenue target to $40 billion, set a data center business target exceeding $15 billion, and raised its automotive revenue goal to $10 billion. The company also unveiled its Dragonfly C1000 data center CPU and AI300 accelerator, securing landmark orders from Meta for multi-generational CPU deployment beginning in 2028, and from Microsoft Azure for its High Bandwidth Compute chips. Multiple Wall Street firms subsequently raised price targets, with Morgan Stanley upgrading the stock from Underweight to Equal Weight and lifting its target to $231.

The current pullback appears driven by sector-wide rotation rather than company-specific concerns, with peers Intel down 3.55%, Micron Technology down 3.71%, AMD down 2.9%, Broadcom down 1.7%, and NVIDIA down 0.92%.

(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.)