🟢 QCOM is trading 3.1% up today despite reports of institutional selling, amid broader tech sector gains

QCOM is trading at $245.49 (+3.1%) in pre-market, showing strength despite some company-specific news and tracking broader market gains.

• Several investment firms, including Choate Investment Advisors, Hantz Financial Services Inc., and Fisher Asset Management LLC, reported selling shares of Qualcomm on May 26, 2026.
• The upward move is supported by a 'risk-on' sentiment in the tech sector, with Nasdaq futures pointing higher.
• The semiconductor sector is experiencing a boom, with Bank of America raising South Korea's GDP forecast based on strong semiconductor exports.