<div id="readability-page-1">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.</div>

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<p>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.</p>

- Shares surged over 42% in early May due to strong earnings, AI data center plans, and tariff relief, peaking at $247.90.  
- However, the stock experienced a sudden reversal, falling more than 11% in one day due to profit-taking, sector weakness, and concerns in the handset market.  
- Analysts have a split outlook on price targets, ranging from $100 to $300, indicating uncertainty ahead of the June Investor Day strategy update.

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Qualcomm faces sharp pullback after record rally on AI expansion