Qualcomm Stock: A 38% Drop and Improving Analyst Sentiment Signal a Buying Opportunity - Barchart.com

Qualcomm's stock has experienced a notable decline, dropping about 38% from its year-to-date high, primarily due to weakness in its CDMA Technologies (QCT) segment. QCT reported a 5% YoY revenue drop ... Read original →

Qualcomm’s stock decline reflects a deepening slump in the smartphone market, with its CDMA Technologies segment bearing the brunt of the downturn. However, this slump accelerates the company’s strategic pivot toward AI infrastructure, automotive electronics, and IoT. The surge in data center demand is reshaping the semiconductor supply chain, especially for memory, connectivity, and custom chips—areas where Qualcomm is already positioning itself. Starting in 2026, it will enter the server market with connectivity products, followed by AI accelerators in 2027 and server CPUs in 2028. Two custom silicon projects are already in production and expected to generate revenue from the December quarter. Analyst sentiment is improving, signaling renewed confidence in its long-term trajectory. If smartphone demand stabilizes and its diversification strategy succeeds, Qualcomm stands to benefit significantly from the AI infrastructure boom, particularly in system-level solutions and custom chip design.