Qualcomm Stock Plunges 4.61% Amid Huawei Mate 70 Launch

On April 7, 2025, Qualcomm's stock experienced a significant drop of 4.61% in pre-market trading, reflecting investor concerns and market dynamics.

One of the key factors influencing Qualcomm's stock price is the recent launch of the Huawei Mate 70 series. The new series, priced at 5499 yuan, features advanced configurations and innovative technologies, which could potentially impact Qualcomm's market share in the smartphone chip sector. The Mate 70 series includes a 150 million pixel spectral camera, enhanced signal strength, and a foldable screen version, the Mate X6, which supports three network satellite communications.

Additionally, Qualcomm's potential acquisition of Intel has seen a shift in interest. Reports indicate that Qualcomm's enthusiasm for acquiring Intel has waned due to the complexity of the deal. This development could affect Qualcomm's strategic direction and investor sentiment, as the acquisition was seen as a significant move in the tech industry.