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QUALCOMM (QCOM) built its reputation over the years supplying the chips and connectivity that power modern devices. As artificial intelligence (AI) and 5G reshaped the tech landscape, Qualcomm stood at the center of that shift, benefiting from demand for faster, smarter, and more efficient computing.
Yet 2026 has been far less forgiving. Semiconductor stocks have gone through a broad correction, and QCOM has not been spared. The stock is down 19.2% this year, wiping out much of last year’s progress and drifting back toward levels seen several years ago.
