From Nasdaq: 2025-06-03 14:19:00

Shares of Qualcomm Inc (NASDAQ: QCOM) have risen nearly 20% off April lows but remain stagnant around $146, showing signs of struggle compared to other tech names. Despite beating earnings expectations, Wall Street remains cautious, with technical indicators like RSI and MACD signaling uncertainty and a potential downtrend. The stock’s moving averages also pose a critical test, with the 50-day line acting as a key level that could trigger selling pressure if broken convincingly. Analyst sentiment has been lukewarm, reflecting Qualcomm’s challenge in exciting investors with clear growth prospects. Without a significant upside surprise, such as a major upgrade or standout earnings report, the stock may continue to sleep through the current market environment. Qualcomm, a leading provider of wireless technology, reported a revenue increase of 63% to $8.23 billion in Q3 of 2021. The company’s earnings per share also saw a significant growth of 127% to $1.92. Despite global chip shortage, Qualcomm remains optimistic about its future performance.



Read more at Nasdaq: Qualcomm: A Technical Deep-Dive Confirms the Worst