New York, Jan 25, 2026, 16:47 EST — Market closed.
- Qualcomm slipped roughly 1.2% Friday amid mixed moves in chip stocks.
- Intel’s gloomy forecast rattled the sector again, casting doubt on high tech valuations.
- The next major event for investors in QCOM is the earnings report and conference call scheduled for Feb. 4.
Qualcomm closed Friday down 1.2% at $155.82, with intraday swings ranging from $154.88 to $158.10. Roughly 7.1 million shares traded during the session.
The broader market showed nerves heading into the weekend. The Dow dropped 0.58% on Friday, the S&P 500 held steady, and the Nasdaq gained 0.28%, weighed down by Intel’s 17% plunge after a disappointing outlook. “We’re feeling pretty good, but mindful” of what’s next, said Jason Blackwell, chief investment strategist at Focus Partners Wealth. Julian McManus, portfolio manager at Janus Henderson, described the current phase in tech as a “show-me” period, with revenue needing to justify recent gains. (Reuters)
Qualcomm’s position as a handset bellwether and a sentiment gauge for chipmakers is crucial here. When doubts creep in about semiconductor forecasts, investors tend to sell first, then seek answers during the next earnings call.
On Friday, peers showed a mixed bag. Nvidia edged up 1.53%, but Broadcom slipped 1.67%, and Intel plunged 17.03%, according to MarketWatch data. Qualcomm remains roughly 24% off its 52-week peak of $205.95 set on Oct. 27. (MarketWatch)
U.S. markets reopen Monday, with traders eyeing whether chip stocks can recover after Intel’s surprise guidance or if the slump spreads to suppliers and smartphone-linked firms.
Qualcomm’s playbook hasn’t changed much, but it remains crucial to investors: handset chip demand, customer inventory behavior, and the strength of licensing trends. They’re also watching closely to see if new growth initiatives are translating into consistent orders, rather than just talk of products.
Any uptick in risk appetite might boost the stock, but the effect isn’t one-sided. Upcoming big tech earnings could shift sentiment across the board, impacting everything linked to devices and data centers—even if the company itself doesn’t report any news.
The setup remains fragile. Should Qualcomm’s outlook come in cautious, or if management signals weaker demand, the stock could drop sharply again. The market has grown quick to punish chip forecasts it finds disappointing.
Qualcomm will report its fiscal first-quarter earnings on Wednesday, Feb. 4, after the U.S. markets close. The company plans a conference call at 1:45 p.m. Pacific time, it said. (Qualcomm Investor Relations)
