Qualcomm (QCOM) stock is drawing heightened attention today after BMW named the chipmaker its lead compute silicon provider for next-gen digital ******* pits and automated driving systems. This multi-year agreement expands on years of deep technical collaboration between QCOM and BMW across the latter's global vehicle fleet.
The announcement arrives as Qualcomm shares are under significant pressure amid a broader tech rout, currently down more than 35% versus their June high.
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#Stock #dear

Microsoft (MSFT) stock rocketed 14% higher on Thursday after posting better-than-anticipated earnings results powered by strong growth in its Copilot and Azure offerings. The company also tamed its spending a hair, saying it is extending the useful life of some data centers and offices, helping to move that spending out of capex.
It's a different story for Meta (META), though. Shares of the social media giant fell more than 9% in early trading as the company failed to provide spending guidance for 2027 and its cash pile dwindled.
Qualcomm (QCOM) stock also slid despite beating expectations on revenue for the quarter, as slowing smartphone sales bit into its outlook.
Up next, Amazon (AMZN) and Apple (AAPL) will report their results after the bell today, as investors look for more insights into Amazon's spending and the impact of the memory shortage on Apple's bottom line.
Microsoft (MSFT) surged more than 15% in early trading on Thursday.

#thursday

Qualcomm (QCOM) shares are under immense pressure ahead of the firm's Q2 earnings scheduled for release after the market close on Wednesday, July 29. Consensus is for the semiconductor giant to record $9.67 billion in revenue on $1.54 in earnings per share (EPS), representing a 32.75% year-over-year decline.
Heading into the quarterly print, Qualcomm stock is down about 35% versus its June high.
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#earnings #ahead #qcom #july

Qualcomm Incorporated (NASDAQ:QCOM) is entering a new phase of growth as two major catalysts—the expansion of its Samsung partnership and its push into AI infrastructure— begin reshaping the company's long-term outlook.
Its expanded collaboration with Samsung paves the way for Snapdragon platforms to power Samsung's latest Galaxy smartphones, smart watches, and future AI-powered smart glasses. The collaboration reinforces Qualcomm's dominance in premium Android smartphones, validates its leadership in on-device AI, and creates opportunities to expand Snapdragon into new categories such as AI PCs, XR devices, and connected technologies.
Securing Snapdragon chips for more Galaxy flagship models will provide Qualcomm with higher premium chipset shipments, stronger QCT segment revenue, and greater visibility into future earnings.
Kārlis Dambrāns/Flickr
While smartphones remain Qualcomm's largest business, management is increasingly focused on reducing its dependence on the cyclical handset market by expanding into AI infrastructure.

#Smartphones #qualcomm #infrastructure #premium

O'Keeffe Stevens Advisory, an investment advisory firm, released its second-quarter 2026 investor letter. A copy of the letter can be downloaded here. During Q2 2026, the market experienced notable dispersion between perceived AI losers and winners. The firm has made investments early in AI infrastructure companies, which yielded gains during market repricing. The second quarter experienced strong equity rallies, with the S&P 500 gaining 15.2% and the Nasdaq 21.4%, marking the best quarter since Q2 2020. While the software sector faced challenges, with the iShares Software ETF dropping ~27% before a rally, reflecting high volatility. This volatility is seen as an opportunity, despite the potential for 'dead money' in underperforming stocks. The firm remains cautious, focuses on owning durable businesses at reasonable prices, holding cash, and hedging risks to navigate unpredictability. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, O'Keeffe Stevens Advisory highlighted QUALCOMM Incorporated (NASDAQ:QCOM). QUALCOMM Incorporated (NASDAQ:QCOM) is a semiconductor and communication technology company focusing on the development and commercialization of foundational technologies for the wireless industry. On July 27, 2026, QUALCOMM Incorporated (NASDAQ:QCOM) closed at $170.04 per share. One-month return of QUALCOMM Incorporated (NASDAQ:QCOM) was -7.98%, and its shares gained 4.91% over the past 52 weeks. QUALCOMM Incorporated (NASDAQ:QCOM) has a market capitalization of $179.22 billion.
O'Keeffe Stevens Advisory stated the following regarding QUALCOMM Incorporated (NASDAQ:QCOM) in its Q2 2026 investor update:
"QUALCOMM Incorporated (NASDAQ:QCOM) and Corning both appreciated materially in Q2. We trimmed both positions using a combination of options and stock sales.
Qualcomm faced a long-standing structural challenge: customer concentration in Apple, which is internally developing its own modem and transitioning away from Qualcomm silicon. Qualcomm hosted an investor day in June, with all eyes focused on their AI and datacenter strategy. Qualcomm has long been seen as a loser in AI stemming from higher memory prices driving down phone demand, and in turn QCOM's handset business. Qualcomm's diversiQcation strategy continues to play out. At the investor day, Qualcomm doubled its Qscal 2029 non-handset revenue goal to $40 billion, liVed its automotive revenue target to $10 billion, and struck a deal with Meta to supply data center CPUs for AI infrastructure, with production of its Dragonby C1000 slated for 2028. We trimmed due to the position becoming oversized in the portfolio, and risk/reward was no longer as attractive."

#qcom

Chipmaker Qualcomm (QCOM) will report its third quarter earnings on Wednesday, giving investors a closer look at the impact the global memory shortage is having on smartphone sales and the status of the company's upcoming data center segment.
Qualcomm is working to diversify its business to reduce its dependence on its handset business, which has slowed over the years, as customers hold on to their phones for longer before upgrading.
And with smartphone makers increasing prices to offset the rising cost of memory and storage chips caused by the global AI build-out, the handset market is looking rough.
"The smartphone industry is not great," Bernstein ***** yst Stacy Rasgon told Yahoo Finance's Julie Hyman on Wednesday.
"Memory prices are going up, and AI is sort of sucking up a lot of the supply. And so it's just not leaving a lot for the smartphone players. And we're seeing unit growth has gone negative," he added.

#smartphone #qualcomm

What happened: Semiconductor stocks fell on Tuesday, with the PHLX Semiconductor Index (^SOX) falling more than 3% as investors continued to unwind positions in one of the market's hottest AI-driven sectors this year.
US-listed shares of memory and storage leaders Micron Technology (MU), SK Hynix (SKHY), and Sandisk (SNDK) all fell more than 8% and 13%, respectively. Among the semiconductor equipment makers, ASML (ASML), Applied Materials (AMAT), and Lam Research (LRCX) also dropped.
AI chip heavyweight Nvidia (NVDA) stock reversed early morning losses to climb into green territory following a 5% drop on Monday. Peer AMD (AMD) fell more than 7%. Chip maker Intel (INTC), along with Marvell (MRVL) and Qualcomm (QCOM), also slid.
What's behind the move: The sell-off followed declines in semiconductor stocks abroad. In South Korea, SK Hynix fell more than 14%, while Samsung Electronics (005930.KS) dropped more than 13%.
European semiconductor stocks also moved lower as concerns about circular financing and intensifying competition from China have weighed on the sector.

#fell #asml

The chipmaker sent shareholders a fortune in cash, yet the stock itself went nowhere fast. Here's what owners actually got for their patience and what the trade-off really cost them.
Qualcomm (QCOM)'s stock has seen better days, trading around $170.32 a share after a recent 25% pullback from its one-month high. But behind the stock chart's noise is a much simpler story: the company has been a quiet, large cash-return machine. Over the last five years, Qualcomm handed back $43 billion to its owners through dividends and buybacks, an amount equal to 24% of its entire current market value. The question for any investor is whether that cash was a reward for a great business or a consolation prize for a stock that dramatically lagged the market.
The company's cash machine is built on two very different engines.
That $43 billion gusher, which dwarfs the $5.7 billion returned by the median S&P 500 company over the same period, comes from a business with formidable profitability. Qualcomm's operating margin over the last twelve months was 26%, well above the index median of 18.4%. The cash is generated by its two core segments: QCT, which designs the Snapdragon chipsets that power countless smartphones and, increasingly, cars and other connected devices; and QTL, its high-margin technology licensing arm.
Of the total returned to shareholders, $26 billion came from share repurchases, and another $17 billion was paid out as dividends. This is the financial brute force that underpins the investment case: a mature, highly profitable business dedicated to rewarding its owners.

#cash

What happened: Semiconductor stocks jumped on Monday in early trading, recovering from a rout that left the PHLX Semiconductor Index (^SOX) down more than 9% last week.
AI chip heavyweight Nvidia (NVDA) rose more than 2%, while AMD (AMD) jumped 4% on ****** yst price target calls. Broadcom (AVGO) and Intel (INTC) also gained on Monday. Marvell (MRVL) and Qualcomm (QCOM) rose as well, reversing Friday's losses.
Memory and storage leaders Micron Technology (MU) and SK Hynix (SKHY), meanwhile, jumped 5%. Highflier Sandisk (SNDK) gained more than 3%. Among the semiconductor equipment makers, ASML (ASML), Applied Materials (AMAT), and Lam Research (LRCX) edged higher.
What's behind the move: Chipmaker AMD was selected as a "top pick" by Rosenblatt, which raised its price target on the stock to $665 from $490. UBS ****** ysts also raised their price target on the stock to $700, maintaining a Buy rating ahead of the chipmaker's annual AI conference this week.
Despite the semiconductor pullback, Wall Street sees the AI trade intact with the semiconductor index 20% decline over the past month signaling "a positioning unwind following a 90% year-to-date rally," according to UBS ****** ysts.

Memory and storage giant Micron Technology (MU) has been one of the standout beneficiaries of the artificial intelligence (AI) boom, delivering massive triple-digit gains so far in 2026. Now, the red-hot chip stock is back in focus after the company announced a series of strategic customer agreements aimed at expanding its presence in the rapidly evolving automotive technology market. On Thursday, Micron revealed strategic customer agreements (SCAs) with several major automotive and technology players, including Qualcomm (QCOM), Visteon (VC), Harman, JOYNEXT, Denso, Astemo, and Hyundai Mobis.
The partnerships come as increasingly connected and intelligent vehicles require more advanced memory and storage solutions to power everything from sophisticated infotainment systems to AI-enabled features. Micron Chairman, President, and CEO Sanjay Mehrotra emphasized that memory and storage will play an increasingly important role as vehicles become smarter and more technologically advanced. He noted that the new agreements should help ensure next-generation automotive platforms have the capabilities needed to support richer, safer, and more intelligent in-vehicle experiences. With Micron already riding strong AI-driven demand and now deepening its ties across the automotive ecosystem, could this latest development add another catalyst to MU stock?
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Yahoo Finance's AI winners and losers provides a weekly snapshot of some of the biggest stories impacting the artificial intelligence industry. From chip manufacturers and model developers to software companies and politicians, we look at who has benefited from AI and who has stumbled.
Taiwan Semiconductor Manufacturing Co. (TSM) announced blowout earnings on Thursday and said it will increase spending to expand its US footprint. Second quarter revenue jumped 36% year over year, while net income rocketed 77.4% higher.
TSMC produces semiconductors for the world's most influential tech companies, including Apple (AAPL), AMD (AMD), Nvidia (NVDA), and Qualcomm (QCOM). And the AI boom has paid off handsomely for the Taiwan-based manufacturer. Annual revenue has increased from $75.99 billion in 2022 to $122.56 billion in 2025.
According to CFO Wendell Huang, TMSC's Q2 results were supported by strong demand, which he expects to continue into the current quarter as tech companies seek as many AI chips as they can get.
Moonshot AI on Friday revealed that its new Kimi K3 AI model has frontier-level capabilities. While it falls short in overall performance compared to state-of-the-art models like Anthropic's (ANTH.PVT) Fable 5 and OpenAI's (OPAI.PVT) GPT-5.6 Sol, K3 surpasses them on certain benchmark tests.

What happened: Semiconductor stocks retreated on Friday. Memory and storage highfliers Micron Technology (MU) and Sandisk (SNDK) stocks dropped more than 2%, and Western Digital (WDC) fell more than 3%.
Chipmakers, including Nvidia (NVDA), AMD (AMD), Broadcom (AVGO), Intel (INTC), and Marvell (MRVL), also moved lower. Qualcomm (QCOM) retreated as well.
Among semiconductor equipment makers, Applied Materials (AMAT) and Lam Research (LRCX) each declined more than 4%.
Going into Friday's trading session, global semiconductor stocks had shed $3.3 trillion in market value since June 22.
What's behind the move: Semiconductor stocks have been volatile in recent weeks over concerns that investors will want to see a return on investment from big spenders on AI infrastructure.

Qualcomm (QCOM) has multiple, potential, strong, positive catalysts due to its exposure to the fast-growing auto chip and Internet of Things (IoT) sectors. Still, since the firm is facing tough competition in these areas, its catalysts may not turn out to be as powerful as some expect. Meanwhile, high flash-memory prices could put a big dent in the company's revenue from smartphone sales in the shorter term. Since smartphone sales in the company's last completed fiscal year generated about 63% of its overall revenue, the shares' overall outlook in the short-to-medium term is quite uncertain.
Indeed, Citi is cautious about the company's short-term outlook, as the bank recently placed "a downside Catalyst Watch" on the name "based on the potential weakness" of its smartphone sales.
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QUALCOMM Incorporated (QCOM) is a leading global semiconductor and wireless technology company headquartered in San Diego. The company develops advanced chipsets, connectivity solutions, and intellectual property that power smartphones, automotive systems, Internet of Things (IoT) devices, PCs, networking equipment, and artificial intelligence (AI) applications. Through its Snapdragon platforms and extensive portfolio of wireless patents, Qualcomm plays a pivotal role in enabling 5G connectivity and next-generation edge computing. The company has a market cap of around $192.8 billion, making it one of the world's largest semiconductor companies.
The semiconductor and equipment giant is scheduled to release its fiscal Q3 2026 earnings results on Wednesday, July 29, 2026. Ahead of the event, **** ysts expect QCOM to report a profit of $1.53 per share, down 33.2% from $2.29 per share in the year-ago quarter. The company has surpassed or met Wall Street's EPS estimates in its last four quarters.
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Major indexes finished lower, dragged down by chip stocks, while oil prices surged after the U.S. revoked Iran's license to sell its crude.
The tech-focused Nasdaq Composite, benchmark S&P 500, and blue-chip Dow Jones Industrial Average closed Tuesday down a respective 1.2%, 0.5%, and 0.3%. The Dow had set a new record high in morning trading before reversing course.
Yesterday, major stock indexes started the week higher behind AI-tied shares like Western Digital (WDC), Advanced Micro Devices (AMD), and Qualcomm (QCOM), with the Dow setting intraday and closing records above 53000. However, memory and chip stocks fell Tuesday after Samsung shares dropped 7% in South Korean trading despite strong quarterly results. Intel (INTC), Sandisk (SNDK), Western Digital, AMD, and Marvell Technology (MRVL) closed down between 6.5% and 10%.
Most of the Magnificent Seven mega-cap tech stocks were in the green Tuesday, although Tesla (TSLA) declined 4% after leading the septet with a nearly 7% rise yesterday. Shares of ***** e Exploration Technologies (SPCX), or ***** eX, fell about 7% as the Elon Musk-led company made its Nasdaq 100 debut.
Oil prices jumped as the Treasury Department revoked the waiver that allows Iran to sell its oil, which followed reports that the Islamic Revolutionary Guard Corps had fired upon vessels near the Strait of Hormuz. West Texas Intermediate futures, the U.S. benchmark, were up 4.9% to $71.90 per barrel at 4 p.m. ET, while global benchmark Brent crude futures were 5.1% higher at $75.70 per barrel.

Qualcomm Inc. (NASDAQ:QCOM) is one of the best NASDAQ stocks to invest in for long term. On June 25, Qualcomm and Hugging Face announced an expanded partnership to accelerate open, developer-driven AI across the entire compute continuum, from edge devices to data center infrastructure. The collaboration aims to unite Qualcomm's high-performance hardware with Hugging Face's massive model ecosystem and developer tools to streamline the deployment of agentic AI.
The initiative focuses on three core pillars: integrating Hugging Face workloads onto Qualcomm's Dragonfly data center solutions, automating the onboarding and deployment of models across devices, and developing a Hugging Face agent to orchestrate hybrid AI workloads. By automating setup and optimization, the companies plan to reduce manual integration efforts, allowing developers to move AI applications from experimentation to production with a single, seamless workflow.
This partnership is designed to provide 16 million developers with the tools to build scalable, hybrid AI solutions that dynamically balance performance, cost, and latency. By enabling models to operate fluidly between local devices and the cloud, the collaboration seeks to make advanced AI more accessible while empowering developers to deploy sophisticated, privacy-conscious applications on Qualcomm Inc. (NASDAQ:QCOM)-powered hardware.
Qualcomm Inc. (NASDAQ:QCOM) develops and commercializes core technologies and products for mobile devices and other wireless products. It operates in three segments: Qualcomm CDMA Technologies, Qualcomm Technology Licensing, and Qualcomm Strategic Initiatives.
While we acknowledge the risk and potential of QCOM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than QCOM and that has 10,000% upside potential, check out our report about the cheapest AI stock.

Interested in Qualcomm Incorporated? Here are five stocks we like better.
Qualcomm nearly doubled its fiscal 2029 non-handset revenue target to $40 billion, spanning data center, automotive, and IoT businesses.
Microsoft and Meta have signed on as early customers for Qualcomm's data center solutions, providing significant blue-chip validation for its AI infrastructure push.
Analysts at Morgan Stanley, JPMorgan, and Benchmark raised their price targets following Investor Day, though risks remain from the anticipated loss of Apple revenue by 2029.
Shares of Qualcomm Inc (NASDAQ: QCOM) are trading just above $200 this week, continuing to consolidate above that key psychological level, which they took so long to crack.

Many technology companies were off to the races when the AI boom first started, but Qualcomm (NASDAQ: QCOM) initially seemed slow to adapt.
Not anymore. The company has shifted its strategy toward artificial intelligence processors, applying its existing knowledge of edge computing to AI. It recently made a nearly $4 billion acquisition of an AI company to expand its reach for data center tech. No wonder its shares are up 66% over the past three months.
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Better yet, Qualcomm's shares are still a great deal compared to the broader tech sector. Here's why it might be worth buying this AI stock right now.
Qualcomm has been busy expanding its AI footprint, and a few notable shifts make the company's AI angle intriguing.

QUALCOMM, Inc. (NASDAQ:QCOM) is one of the best trending AI stocks to watch in 2026. BofA lifted the price target on QUALCOMM, Inc. (NASDAQ:QCOM) to $195 from $165 on May 23 and maintained an Underperform rating on the shares. The rating update came ahead of the company's investor day on Wednesday, June 24, with the firm stating that it is rolling forward in its valuation to calendar year 2028 estimates. However, it maintained an Underperform rating on the shares as it believes the company is re-entering a fast-growing but hyper-competitive AI market that is full of large incumbents as the company works to diversify away from handsets toward a broader AI compute platform spanning edge, auto/IoT, and data center.
In another development, Bloomberg reported on June 22 that according to people familiar with the matter, QUALCOMM, Inc. (NASDAQ:QCOM) is in advanced talks to acquire Modular Inc, the AI infrastructure software company, in a transaction valued at around $4 billion. It further reported that a transaction may be announced as soon as the upcoming week. Bloomberg added that the people asked not to be identified since the information is private.
QUALCOMM Incorporated (NASDAQ:QCOM) develops and commercializes foundational technologies for the wireless industry, including 3G, 4G, and 5G wireless connectivity and high-performance and low-power computing, including on-device AI. The company operates across various high-growth markets, including autonomous vehicles and smartphones. QUALCOMM's Snapdragon augmented reality technology is the next generation of mobile computing.
While we acknowledge the potential of QCOM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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QUALCOMM, Inc. (NASDAQ:QCOM) is one of the safe stocks for beginners to buy in 2026. Reuters reported on June 24 that QUALCOMM Incorporated (NASDAQ:QCOM) expects to generate $15 billion in sales from its data center business by 2029, moving beyond its core smartphone chips. Chief Financial Officer Akash Palkhiwala stated in an investor presentation that the data center business will bring in $5 billion for fiscal 2027, with $1 billion coming from the new custom-chip customers. QUALCOMM Incorporated (NASDAQ:QCOM) also stated that it anticipates $40 billion in revenue from chips outside its smartphone stronghold by 2029, which is up from previous estimates of $22 billion. By then, handsets would only make up a third of its chip revenue.
In another development, Bloomberg reported on June 22 that according to people familiar with the matter, QUALCOMM, Inc. (NASDAQ:QCOM) is in advanced talks to acquire Modular Inc, the AI infrastructure software company, in a transaction valued at around $4 billion. It further reported that a transaction may be announced as soon as the upcoming week. Bloomberg added that the people asked not to be identified since the information is private.
QUALCOMM Incorporated (NASDAQ:QCOM) develops and commercializes foundational technologies for the wireless industry, including 3G, 4G, and 5G wireless connectivity and high-performance and low-power computing, including on-device AI. The company operates across various high-growth markets, including autonomous vehicles and smartphones. QUALCOMM's Snapdragon augmented reality technology is the next generation of mobile computing.
While we acknowledge the potential of QCOM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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QUALCOMM, Inc. (NASDAQ:QCOM) is one of the best trending AI stocks to watch in 2026. BofA lifted the price target on QUALCOMM, Inc. (NASDAQ:QCOM) to $195 from $165 on May 23 and maintained an Underperform rating on the shares. The rating update came ahead of the company's investor day on Wednesday, June 24, with the firm stating that it is rolling forward in its valuation to calendar year 2028 estimates. However, it maintained an Underperform rating on the shares as it believes the company is re-entering a fast-growing but hyper-competitive AI market that is full of large incumbents as the company works to diversify away from handsets toward a broader AI compute platform spanning edge, auto/IoT, and data center.
In another development, Bloomberg reported on June 22 that according to people familiar with the matter, QUALCOMM, Inc. (NASDAQ:QCOM) is in advanced talks to acquire Modular Inc, the AI infrastructure software company, in a transaction valued at around $4 billion. It further reported that a transaction may be announced as soon as the upcoming week. Bloomberg added that the people asked not to be identified since the information is private.
QUALCOMM Incorporated (NASDAQ:QCOM) develops and commercializes foundational technologies for the wireless industry, including 3G, 4G, and 5G wireless connectivity and high-performance and low-power computing, including on-device AI. The company operates across various high-growth markets, including autonomous vehicles and smartphones. QUALCOMM's Snapdragon augmented reality technology is the next generation of mobile computing.
While we acknowledge the potential of QCOM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 15 Stocks That Will Make You Rich in 10 Years AND 12 Best Stocks That Will Always Grow.

Qualcomm (QCOM) shares were in focus on June 24 after the company announced a $3.92 billion all-stock agreement to acquire artificial intelligence (AI) software startup Modular.
In early trading, investors cheered the acquisition news that reinforces management's commitment to transform QCOM into a full-stack AI infrastructure provider.
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Qualcomm (QCOM) is dramatically expanding its presence in the AI data center wars with a slew of announcements that include everything from new AI accelerators and central processing units (CPUs) to memory and software.
The company said it has already inked deals with high-profile customers, including Microsoft (MSFT) and Meta (META), which has signed a multigeneration agreement to use Qualcomm's new Dragonfly C1000 CPU in its next-generation services.
"We're launching four product lines over the next 24 months that all come together seamlessly to deliver unparalleled performance," explained Tony Pialis, executive vice president and general manager of Qualcomm's data center business.
"We are deploying a full turnkey agentic AI infrastructure that we've built from the ground up," he said.
The products are part of Qualcomm's broader transformation away from its reliance on smartphone sales. The company is also pushing deeper into the automotive **** e, as well as competing with Intel (INTC) and AMD (AMD) in the PC chips **** e.

QCOM dropped 8% ahead of Investor Day, but our 12-month price target of $278 signals 36% upside with high conviction.
Automotive revenue hit a record $1.33 billion (+38% YoY) and combined Automotive plus IoT grew 20%, marking Qualcomm's push beyond handsets.
Handsets fell 13% YoY, yet eight straight EPS beats and a fresh $20 billion buyback authorization anchor the bull case.
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Qualcomm (NASDAQ:QCOM) shares have whipsawed into the chipmaker's Investor Day, and our model says the post-selloff setup looks compelling on the data.

Tech stocks 8 on Thursday as blowout Micron (MU) earnings helped boost sagging confidence in the AI trade and offset a fresh inflation report that showed prices rising again in May.
The tech-heavy Nasdaq Composite (^IXIC) shot up 0.9%, while the S&P 500 (^GSPC) rose 0.8%, following several tough days for Wall Street stocks. The Dow Jones Industrial Average (^DJI), which includes fewer tech names, climbed 0.7%.
Micron's record-setting quarterly results relieved Wall Street jitters over lofty AI valuations and spending. Its shares rocketed more than 17% after the company's sizeable earnings beat and stronger-than-expected outlook signaled healthy demand for its memory chips.
Meanwhile, Qualcomm (QCOM) announced a move beyond smartphones into data center products such as chips and servers, in a bid to cash in on the AI boom. Its stock rose about 10% after it set a target of $15 billion in related new revenue.
In another lift to spirits, oil prices fell back to levels not seen since the Iran war as supply flooded back through the Strait of Hormuz. Brent crude futures (BZ=F) dropped slightly below $74 a barrel, while West Texas Intermediate futures (CL=F) were at around $70.

Micron's (MU) third quarter earnings on Wednesday delivered a powerful signal to AI trade skeptics, lifting the chipmaker's stock 17% in premarket trading and buoying the broader markets.
Micron beat ******* ysts' expectations on the top and bottom lines and surpassed estimates for the company's Q4 revenue outlook. Micron also declared a quarterly dividend of $0.15 per share.
Tech stocks turned higher on Thursday morning as the report eased concerns about the artificial intelligence trade. On the semiconductor front, IBM (IBM) stock rose after the company said it could produce chips smaller than 1 nanometer. Qualcomm (QCOM) also surged after the company raised its non-handset revenue target to $40 billion by fiscal year 2029.
Meanwhile, shares of Alibaba (BABA) fell to a 16-month low after Anthropic (ANTH.PVT) sent a letter to several senators and White House officials, accusing the company of "illicitly" accessing its AI model.
Yahoo Finance's Ines Ferré reports:

Tech stocks jumped before the bell on Thursday as blowout Micron (MU) earnings helped boost sagging confidence in the AI trade and a fresh inflation report showed prices rising again in May.
Nasdaq 100 futures (NQ=F) shot up 2.4%, while those on the S&P 500 (ES=F) rose 0.8%, following several tough days for Wall Street stocks. Contracts on the Dow Jones Industrial Average (YM=F), which includes fewer tech names, edged up 0.3%.
Micron's record-setting quarterly results relieved Wall Street jitters over lofty AI valuations and spending. Its shares rocketed more than 18% in premarket after the company's sizeable earnings beat and stronger-than-expected outlook signaled healthy demand for its memory chips.
Meanwhile, Qualcomm (QCOM) announced a move beyond smartphones into data center products such as chips and servers, in a bid to cash in on the AI boom. Its stock rose over 12% after it set a target of $15 billion in related new revenue.
In another lift to spirits, oil prices fell back to levels not seen since the Iran war, down over 1% as supply flooded back through the Strait of Hormuz. Brent crude futures (BZ=F) dropped to less than $73 a barrel, while West Texas Intermediate futures (CL=F) broke below $70.

Tech stocks fell on Tuesday morning as concerns about high valuations and artificial intelligence resurfaced, dragging the tech-heavy Nasdaq Composite (^IXIC) nearly 2% lower.
Within tech, semiconductor stocks saw some of the biggest losses in early trading, with AMD (AMD), Intel (INTC), and Qualcomm (QCOM) dropping by over 7%, and Nvidia (NVDA) falling nearly 4%.
Shares of memory giant Micron (MU) declined by more than 11% ahead of the company's third quarter earnings after the bell on Wednesday, which will provide another update on the broader AI build-out. On Monday, the company announced a strategic agreement with Anthropic, in which the memory maker will supply Anthropic (ANTH.PVT) with both memory and storage chips to support its data center goals.
Meanwhile, the competition for talent in the artificial intelligence arena continued to move major stocks. Alphabet stock (GOOG, GOOGL) continued to fall after senior research scientist and ****** el prize winner John Jumper announced he was leaving Google DeepMind AI to join rival Anthropic (ANTH.PVT).
The tech sector is leading markets lower on Tuesday morning as investors go risk off amid renewed concerns about Federal Reserve rate hikes and artificial intelligence spending.

Semiconductor stocks can change direction fast, becoming the “elephant in the room.” On May 27, 2026, Wolfspeed (WOLF) dropped 13.93% in one session, landing alongside Qualcomm (QCOM) as one of the sector’s biggest losers as traders turned cautious ahead of Marvell’s (MRVL) results.
This slide added to the weakness that followed its fiscal Q3 2026 report in early May, when the company posted a GAAP net loss of $119.9 million and a GAAP gross margin of about -27%.
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