🔴 QCOM.BA is trading 0% down today following AI sector weakness and $4B acquisition concerns

QCOM.BA is trading 0% down at $28,760 as the stock stabilizes following a sharp 6.8% decline on June 23 triggered by potential acquisition concerns and broader semiconductor sector pressure.

• Investors are reassessing Qualcomm’s aggressive AI expansion strategy amid reports of a potential $4 billion deal for AI chip startup Modular.
• The stock remains under pressure from a recent tech rout that has impacted valuations across the AI-chip sector.
• Intraday price action shows signs of stabilization as the market digests the impact of the recent selloff.