Qualcomm stock price tumbles on weak forecast as memory crunch hits handset outlook
New York, Feb 5, 2026, 10:43 EST — Regular session underway.
Qualcomm Incorporated shares dropped $14.21, or 9.5%, to $134.68 in Thursday’s morning session, deepening losses from after-hours trading following a wary forecast linked to tight memory supply. The stock hit a low of $129.98, as the iShares Semiconductor ETF slipped 1.5%.
The selloff hits a well-known weak spot in the handset supply chain: memory components paired with processors inside phones. When device makers struggle to lock down enough memory, handset shipments drop, dragging chip orders down with them.
This is crucial since Qualcomm’s guidance — its revenue and profit outlook — usually influences the wider smartphone chip sector. Investors…
