In the most recent trading session, Qualcomm shares fell by 1.5% while the broader market declined by just 0.8%, marking the company’s worst relative performance since early November. Trading volume reached 18.2 million shares, exceeding its 15-day average of 16.7 million. Analysts at three major brokerages lowered their price targets following guidance that quarterly revenue growth will slow to a mid‐single‐digit percentage rate in the current fiscal quarter. Institutional investors offloaded a net 4.3 million shares, contributing to a 2.1% drop in the stock’s value over the past five days, compared to a 0.9% gain for the tech sector benchmark.

Qualcomm has unveiled plans to enter the AI PC market with a new mid-range Snapdragon X chip, scheduled for commercial sampling in the first quarter of calendar 2026. Management forecasts that this segment could generate as much as $3.2 billion in annual revenue by 2027, driven by partnerships with two leading PC OEMs targeting education and enterprise customers. The company has allocated $500 million to R&D for this initiative, and internal models suggest a gross margin of 52% on the new product line. By capturing just 5% of the burgeoning AI PC chip market, Qualcomm could add $0.10 to its earnings per share in fiscal 2027, according to estimates from a top independent research firm.