QCOM is trading at $225.50 (10.2% down) as investors lock in gains from last week’s sharp AI-driven rally and rotate capital into Nvidia’s newly announced RTX Spark platform.
- Pre-market action reflects a shift in AI hardware focus toward Nvidia’s Arm-based RTX Spark PC superchip as the next industry catalyst.
- The decline follows a period of significant outperformance, marking a strategic rotation within the semiconductor sector as traders rebalance AI-related exposure.