---
title: "Qualcomm faces sharp pullback after record rally on AI expansion"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286661039.md"
description: "Qualcomm's shares surged over 42% in early May, reaching a peak of $247.90 due to strong earnings and AI expansion. However, the stock experienced a sharp pullback, falling over 11% in one day due to profit-taking and market concerns. Analysts have mixed outlooks, with price targets ranging from $100 to $300 ahead of the upcoming Investor Day strategy update."
datetime: "2026-05-17T04:35:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286661039.md)
  - [en](https://longbridge.com/en/news/286661039.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286661039.md)
---

# Qualcomm faces sharp pullback after record rally on AI expansion

Record high surge: Shares soared over 42% in early May on strong earnings, AI data center plans, and tariff relief, peaking at $247.90. Sudden market reversal: The stock fell more than 11% in one day amid profit-taking, sector weakness, and handset market concerns. Analyst split outlook: Price targets range from $100 to $300, reflecting uncertainty ahead of June’s Investor Day strategy update.

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