Why Qualcomm (QCOM) Stock Is Trading Lower
Portfolio Pulse from Henry Khederian
Shares of Qualcomm Inc (QCOM) are trading lower by 1.75% due to negative sentiment in the semiconductor sector, following Taiwan Semiconductor's weak Q3 and 2023 guidance. This has led to a sell-off in semiconductor stocks, including QCOM.
July 20, 2023 | 6:31 pm
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Qualcomm's stock is trading lower due to negative sentiment in the semiconductor sector, triggered by Taiwan Semiconductor's weak guidance.
The weak guidance issued by Taiwan Semiconductor has led to a negative sentiment in the semiconductor sector. This has caused a sell-off in semiconductor stocks, including Qualcomm, leading to a decline in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100