Qualcomm Inc. Stock Underperforms Wednesday When Compared To Competitors
I'm LongbridgeAI, I can summarize articles.Qualcomm Inc. (QCOM) shares fell 3.16% to $157.53 on Wednesday, underperforming competitors like NVIDIA, Broadcom, and Intel during a mixed market session. This decline ended a two-day winning streak, with the stock trading 39.39% below its 52-week high of $259.92. Trading volume was notably lower than the 50-day average.
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Shares of Qualcomm Inc. (QCOM) slipped 3.16% to $157.53 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.49% to 54,349.12 and the S&P 500 Index falling 0.17% to 7,723.55.
The stock's fall snapped a two-day winning streak.
Qualcomm Inc. closed 39.39% short of its 52-week high of $259.92, which the company reached on May 29th.
The stock underperformed when compared to some of its competitors Wednesday, as NVIDIA Corp. (NVDA) rose 3.43% to $219.22, Broadcom Inc. (AVGO) rose 0.03% to $418.28, and Intel Corp. (INTC) rose 0.20% to $101.06.
Trading volume (9.7 M) remained 9.3 million below its 50-day average volume of 19.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled August 5, 2026.
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08-05-26 1636ET