Qualcomm Stock Crashes to 2020 Levels: Warning Sign or Short-Term Opportunity?

Qualcomm's stock price has dropped below $140, back to 2020 levels, after the company reported weak earnings and bearish forward guidance. Management cited ongoing industry pressures and softness in handset demand, highlighting the company's heavy exposure to smartphones despite diversification efforts. Analyst sentiment has shifted, with some firms downgrading or reiterating neutral stances, leading to a loss of credibility. However, the short-term setup could present a trading opportunity for those with a risk appetite.