Shares of tech giant Qualcomm Inc. (NASDAQ: QCOM) are trading just under $148 after a sharp post-report slide, a bitter pill for investors who had been cheering a steady rally since April. That uptrend marked a welcome change from years of frustrating chop, so the swift sell-off feels painful.
Step back, though, and the story looks very different. Last week’s numbers were not only fine, but also the kind of update that normally pushes a stock higher.
