Qualcomm Incorporated is trading 10.2% down at $217.81 as part of a sharp pullback in semiconductor and high-growth tech names following Broadcom-led weakness in the chip sector.
- Broader risk-off sentiment followed stronger-than-expected U.S. jobs data, which pushed back interest rate-cut expectations and pressured growth stocks.
- The decline is attributed to sector-wide pressure and macro factors rather than any new company-specific developments today.