From Nasdaq: 2025-04-08 11:02:00

Qualcomm Inc. (NASDAQ: QCOM) has fallen below $150, hitting multi-month lows last seen in November 2023 due to market chaos from tariff fears. Despite dropping over 25% from its February high, Qualcomm’s RSI is now at 25, signaling oversold conditions and historical potential for a 55% rally.

Qualcomm’s management raised their dividend last month, showing confidence in the company’s future cash flow and earnings. The upcoming earnings report at the end of the month will be a key catalyst, with Qualcomm bouncing more than 13% off lows on Monday, indicating demand at current levels. Market conditions and earnings will dictate Qualcomm’s next move.

With an RSI of 25, a recent dividend increase, and signs of demand at lows, Qualcomm’s chart offers promise for a potential comeback. The upcoming earnings report will be crucial in determining if this is a temporary pause in the downtrend or the start of a strong recovery. MarketBeat tracks top analysts’ stock recommendations for investors seeking opportunities in the market.



Read more at Nasdaq:: Qualcomm Breaks Down But RSI Signals It’s Severely Oversold