🔴 QCOM is trading 5.7% down today as focus shifts to Nvidia RTX Spark superchip

QCOM is trading 5.7% down at $236.73 in pre-market as the stock cools following last week’s sharp AI-driven rally.

• Market attention is shifting toward Nvidia’s new Arm-based PC RTX Spark superchip and broader AI chip names, drawing capital away from Qualcomm.
• The move comes despite modest strength in overall equity futures and a lack of company-specific news or earnings reports today.
• The stock is retracing a portion of its recent double-digit gains as investors rotate within the semiconductor sector.