Qualcomm stock slips on Mizuho downgrade, Apple modem worries linger into the week
Qualcomm shares fell 2.3% to $177.78 Friday after Mizuho downgraded the stock and cut its price target, citing weak handset demand and risks from Apple’s modem plans. The Philadelphia Semiconductor index rose 2.7% the same day. Investors await the U.S. CPI report on Jan. 13 and Qualcomm’s earnings call on Feb. 4.