🔴 Qualcomm is trading 5.5% down today on cautious guidance and handset weakness

Qualcomm is trading 5.5% down at $149.83 as cautious guidance and persistent handset market weakness trigger profit-taking following its Q3 2026 earnings report.

• While the company delivered a strong earnings beat and 61% growth in Automotive revenue, investors remain concerned about the modest Q4 outlook and the slow recovery of the handset market.
• The stock continues to face downward pressure following two prior sessions of sharp declines, despite management's progress in diversifying the business beyond mobile chips.