Why Qualcomm Stock Is Falling
Portfolio Pulse from Henry Khederian
Qualcomm Inc (NASDAQ:QCOM) shares fell by 3.6% amid a broader decline in semiconductor and chip stocks, influenced by rising Treasury yields and the Netherlands' decision to block exports of some lithography systems to China. This decision, which affects ASML Holding, aligns with U.S. export limits and has contributed to the sector's pullback after gains earlier in 2023.
January 02, 2024 | 8:54 pm
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Qualcomm's stock price is experiencing a downturn due to sector-wide pressure from rising Treasury yields and regulatory actions in the Netherlands affecting chip equipment exports.
Qualcomm's stock is likely to face short-term negative pressure as it is directly impacted by the broader market sentiment towards semiconductor stocks, which is currently bearish due to external macroeconomic factors (rising Treasury yields) and regulatory decisions (Dutch export restrictions) that could affect the supply chain and competitiveness of the sector.
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