Qualcomm (QCOM) stock slips as Mizuho flags Apple modem risk; what to watch next
Qualcomm shares fell 1.5% to $166.80 midday Tuesday, trailing gains in the broader chip sector after Mizuho downgraded the stock over handset demand and Apple modem risks. The S&P 500 and Nasdaq-100 were little changed as December U.S. inflation rose 2.7%. Investors await Qualcomm’s Feb. 4 earnings for more on 2026 demand and customer mix.