Qualcomm Inc. Stock Falls 11.5%, Underperforms Peers

Dow Jones05-13

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Qualcomm Inc. tumbled 11.5% to $210.31 on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.1% to 49,760.56 and the S&P 500 Index falling 0.2% to 7,400.96.

The stock's fall snapped a five-day winning streak.

Qualcomm Inc. closed 15.2% short of its 52-week high of $247.90, which the company reached on May 11th.

The stock underperformed when compared to some of its peers, as NVIDIA Corp. rose 0.6% to $220.78, Broadcom Inc. fell 2.1% to $419.30, and Intel Corp. fell 6.82% to $120.61.

Trading volume totaled 38.3 million, compared to the 50-day average of 17.4 million.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

May 12, 2026 16:33 ET (20:33 GMT)

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