Qualcomm's $960M Trading Volume Ranks 81st as Shares Dip 1.67% Amid Technical Rally Toward $165 Target

On August 19, 2025, Qualcomm (QCOM) saw a trading volume of $0.96 billion, ranking 81st among stocks on the day. The stock closed down 1.67%.

Qualcomm’s shares demonstrated resilience in early August after a post-earnings dip in late July pushed prices below the $145 level. Over seven consecutive trading sessions, buyers intervened to stabilize the stock, preventing a breakdown that had previously triggered a 30% decline earlier in the year. This defensive action has been interpreted as a potential turning point, with bulls now focusing on reclaiming the $165 technical barrier—a level where the July rally peaked. Analysts highlight that a successful retake could reinvigorate the stock’s technical momentum, while a failure might reignite bearish sentiment.

Fundamentally, Qualcomm remains well-positioned despite recent volatility. Recent earnings exceeded revenue and profit expectations, and management emphasized growth opportunities beyond its reliance on Apple, including expanding segments in automotive, IoT, and AI-enabled devices. The stock trades at a 14x earnings multiple, significantly below the broader semiconductor sector’s valuation. Analysts including Piper Sandler, JPMorgan, and Rosenblatt have upgraded the stock, with price targets extending to $225, reflecting confidence in its long-term potential.

A backtest of a strategy buying the top 500 stocks by daily trading volume and holding for one day from 2022 to 2025 yielded a 1.98% average one-day return. Over the past year, the total return was 7.61%, though the Sharpe ratio of 0.71 indicated modest risk-adjusted performance.