Qualcomm shares fall 2.46% intraday after appointing new board member and announcing 5G railway collaboration.

Qualcomm Incorporated dropped 2.46% in intraday trading. The company announced the appointment of Jeremy (Zico) Kolter to its Board of Directors, who brings extensive expertise in artificial intelligence and deep technical knowledge. Additionally, Qualcomm has collaborated with Kontron to develop a next-generation 5G FRMCS modem for the MORANE 2 European railway communications initiative, aiming to set new standards in secure, high-speed railway communications.