Qualcomm Stock Drops as Chip Sector Pulls Back from AI-Driven Rally

Qualcomm's stock fell by 13% as chip stocks experienced a broader pullback from a recent AI-driven rally, indicating a potential shift in the market's focus beyond Nvidia.

12 May, 16:10 — 12 May, 16:10

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cnbcMostly Factual92d ago

Qualcomm drops 13% as chip stocks pull back from record AI-driven rally

The recent rally has shown a broadening of the AI trade beyond chipmaking giant Nvidia.

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Qualcomm Stock Drops as Chip Sector Pulls Back from AI-Driven Rally

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Qualcomm drops 13% as chip stocks pull back from record AI-driven rally

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