Qualcomm stock price ticks up as QCOM steadies after memory-shortage warning spooks chip investors
New York, Feb 6, 2026, 11:17 EST — Regular session
- Qualcomm shares rose in morning trade after a forecast-driven slide earlier this week.
- The chipmaker blamed a global memory shortage for softer near-term expectations in smartphones.
- Traders are watching for any sign the squeeze is easing, with early March industry meetings looming.
Qualcomm Incorporated shares rose about 1.5% to $138.30 on Friday morning, trying to stabilize after a sharp pullback tied to a cautious outlook from the chip designer.
The San Diego, California-based company forecast fiscal second-quarter revenue of $10.2 billion to $11 billion, below analysts’ average estimate of $11.12 billion, and adjusted earnings of $2.45 to $2.65 per…
