Stock Track | Qualcomm Plunges 5.20% in Pre-Market Amid Broad Semiconductor Selloff

Stock Track05-14

Qualcomm's stock plummeted 5.20% in pre-market trading on Thursday, extending a recent decline for the semiconductor giant.

The pre-market plunge is part of a broader selloff in the semiconductor sector, driven by cooling momentum in AI-related trading and funds rotating out of high-valuation technology stocks. Accelerating U.S. April inflation data has further dampened investor risk appetite, leading to profit-taking across the chip industry.

Qualcomm had previously rallied to record highs amid an AI-driven narrative around increased processor demand, but the combination of inflation concerns and sector rotation has triggered significant selling pressure on semiconductor stocks in the current trading session.

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