Qualcomm Inc. (NASDAQ: QCOM) shares are back on firm footing in recent sessions after a dodgy run last month. The stock closed just above $168 on Monday, extending its bounce from last month’s low around $160. That level was once a key zone of resistance, so the fact that it’s now acting as support bodes well for the stock heading into 2026.
Yes, this is the same Qualcomm that gave up all the gains from its pop at the end of October—a painful drop for those hoping for a clean move to new highs. Still, the bears haven’t broken the uptrend, and as long as that structure holds, the bulls have the advantage.
