EPA:HRMS.PA 24 January 2026 - 8 February 2026

July 2, 2026, 10:14 PM EDT. Qualcomm (NASDAQ:QCOM) shares slipped 4.5%. SpaceX CEO Elon Musk shot down talk that a new AI device would use Qualcomm's Snapdragon chip. The stock was also hit after getting cut from a number of Russell indexes, sparking selling from passive funds. Qualcomm is still pushing into AI data centers and has a new supply pact with Meta Platforms, both seen as long-term positives. The stock is choppy and sentiment stays cautious as tech names face profit-taking. QCOM trades about 30% below its 52-week high, up 1.5% for the year to date.