NEW YORK, December 29, 2025, 22:10 ET — Market closed
QUALCOMM Incorporated (NASDAQ: QCOM) shares fell 0.8% to close at $173.43 on Monday, after trading between $175.19 and $172.79. StockAnalysis
The move matters because chip stocks often magnify shifts in risk appetite, and investors have been quick to adjust exposure into the final sessions of the year. Qualcomm is closely tracked as a bellwether for high-end smartphones and related wireless demand.
U.S. stocks ended lower on Monday, with the Nasdaq down 0.5% and the S&P 500 off 0.35%, while Treasury yields eased as investors recalibrated expectations for Federal Reserve rate cuts, Reuters reported. “The broader market is looking at the strength of last week and selling off as we head into year-end,” said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. Reuters
Semiconductors also took cues from deal-related headlines after Nvidia disclosed it had purchased $5 billion of Intel shares under a previously announced agreement, a filing showed. Nvidia shares were down 1.3% in premarket trading after the disclosure, while Intel stock was little changed, Reuters said. Reuters
For Qualcomm, the next scheduled company catalyst is its first-quarter fiscal 2026 earnings conference call on Feb. 4, 2026, according to its investor events calendar. Qualcomm Investor Relations
The December-quarter report will be parsed against the company’s last outlook. In November, Qualcomm forecast fiscal first-quarter revenue at a midpoint of $12.2 billion and adjusted profit of $3.40 per share, Reuters reported, while also flagging that it was prepared for a lower share of modem chips in Samsung’s next-generation Galaxy S26 devices and pointing to efforts to broaden beyond smartphones as Apple transitions toward its own modems. Reuters
Near-term, chart watchers are likely to keep an eye on Monday’s $175.19 intraday high and $172.79 low as immediate markers. The stock’s fade back below $175 leaves that area as a nearby test if buyers step back in.
Before the next session, traders will likely focus on whether cooling yields and softer equity momentum persist, with chip names often trading in lockstep with moves in the Nasdaq on quiet holiday-week flows.
Headlines out of Washington and overseas have also been feeding into late-year risk positioning, and semiconductors can react sharply when liquidity is thin.
Looking further out, Qualcomm’s Feb. 4 update is the next clear checkpoint for investors on premium smartphone demand, customer mix, and how quickly newer growth areas can contribute against a shifting handset backdrop.
