Qualcomm Rises 1.72% on $1.04 Billion Volume Drop Slides to 104th in U.S. Dollar Volume Ranking

. 22, , , . equities. The chipmaker’s shares traded in a narrow range amid mixed market sentiment toward semiconductor demand. A regulatory filing earlier in the week revealed updated earnings guidance, signaling cautious optimism about Q4 supply chain dynamics despite ongoing macroeconomic headwinds in key markets like China and Europe.

Analysts noted that Qualcomm’s performance was influenced by a shift in investor focus toward AI-driven hardware demand, though near-term execution risks remain. A separate update from the company highlighted progress in 5G licensing negotiations with a major Asian operator, . However, mixed signals from contract manufacturing partners limited upside momentum, as supply chain bottlenecks in advanced packaging technologies persisted.

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