Headquartered in San Diego, CA·Fiscal year ends September·NASDAQ: QCOM·qualcomm.com
About Qualcomm
Qualcomm is a global computing and semiconductor company at the center of the AI era. The company operates through two primary segments: QCT (Qualcomm CDMA Technologies), which designs and sells semiconductor products for mobile handsets, automotive, IoT, and data center applications; and QTL (Qualcomm Technology Licensing), which licenses its extensive patent portfolio covering wireless communications technologies including 5G. Qualcomm's platforms integrate advanced AI, high-performance and low-power computing, and connectivity capabilities. The company's Snapdragon processors power a wide range of devices globally. Qualcomm is actively diversifying beyond its traditional handset business into automotive digital cockpits and ADAS, IoT endpoints, and data center AI inference, with a stated goal of reaching $40 billion in non-handset revenues by fiscal 2029. The company recently acquired Modular Inc. to build an open software foundation for generative and agentic AI. Qualcomm Technologies, Inc., a subsidiary, operates substantially all engineering, R&D, and product businesses. Updated
An internal memo tying global headcount cuts to annual reviews points to opex discipline heading into Qualcomm's next quarter, with handset demand already soft. Keep an eye on the stock for how much of that lands in margins.
JUST IN: Qualcomm to cut jobs globally in "performance-focused reduction" after annual reviews, internal memo shows https://t.co/98tqWIBUnq
AMC Entertainment's 10.88% jump to $3.26 was the only double-digit move of the session, and the downside was where the size was: five names finished off more than 6%, led by Arm at -8.48%. Chip and consumer-tech leaders took the brunt of it.
Chips and hardware took the top five slots at Thursday's close, led by ON Semiconductor's 5.52% gain, while every big decliner but one was a cybersecurity name. Zscaler's 9.88% drop to $193.43 was the worst in the group.
A 7.59% jump to $194.23 is an outsized single day for a $207 billion chipmaker, worth roughly $15 billion in market value. Moves this big rarely stay quiet into the next session, so keep an eye on the stock.
A 5.75% intraday jump to $190.91 is a rare single-session move for a $204 billion chipmaker, adding roughly a Micron-sized slice of value in hours. Whether it holds into the close is the tell.
Bitcoin miners owned Thursday's close, led by Marathon Digital finishing 13.5% higher, with Cipher Mining and Iren both up 7% or more. Large-cap losses ran heavier than usual, with Qualcomm off 5.66% and General Motors down 4.93%.
Qualcomm is down 5.17% to $182.18, a rare single-session drop for a $195 billion chipmaker that usually trades far calmer. The $192 open is now the level bulls need to reclaim.
Tempus AI closed the session up 10.5%, the only double-digit move among 111 tracked names. The downside was deeper and broader: Axon, Cava and Clover Health all gave up more than 9%.
Same $10,000 three years ago: $37,586 in Arm versus $16,682 in Qualcomm. That $20,904 gap is what backing the licensor over the licensee bought you since Arm's 2023 debut.
A 6% intraday jump to $181.07 adds roughly $11 billion to a $193 billion megacap, an outsized single-session move for a chipmaker this size. Whether it holds into the close is the tell.
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