Qualcomm is trading at $163.97, down 11.95%, amid a semiconductor sell-off after Intel’s weaker-than-expected fourth-quarter revenue forecast and warning about soft PC demand weighed on chipmakers.
- Intel projected revenue of $15 billion to $16 billion, below the $17.07 billion analyst average.
- SOXX was down 10.40% during the regular session, supporting an industry-wide explanation rather than a confirmed Qualcomm-specific catalyst. The move is in live trading.