Qualcomm Stock Drops 8% Amid HBM Concerns and Analyst Downgrade; Model Predicts 36% Upside
Summary
Qualcomm stock dropped 8% in a single day to $204.13, driven by SK Hynix HBM capacity slowdown concerns, a Bank of America Underperform reiteration, and balance-sheet worries related to a $4 billion Modular deal and a rumored $8-10 billion Tenstorrent bid. Despite the decline, the stock is up 20.57% year-to-date and 36.11% over the past year. A predictive model sets a 12-month price target of $278.13 (36.25% upside) at 90% confidence. Q2 FY26 results showed revenue of $10.60 billion and non-GAAP EPS of $2.65, both beating expectations.
Source
bskyQualcomm Stock Drops 8% Amid HBM Concerns and Analyst Downgrade; Model Predicts 36% Upsidebriefly.coKey quotes
· 3 pulledQualcomm stock fell 8.01% in a single day to $204.13
The model setting a 12-month price target of $278.13 and 36.25% upside at 90% confidence
The Tuesday slide was attributed to SK Hynix HBM capacity slowdown, a Bank of America Underperform reiteration, and balance-sheet concerns tied to a reported $4 billion Modular deal and a rumored $8–$10 billion Tenstorrent bid
You might also wanna read
Marc Coucke-backed Italian yacht builder asks customers for cash amid liquidity crisis
The Italian Sea Group, an Italian yacht builder backed by Belgian investor Marc Coucke, is facing severe liquidity issues and has resorted t
tijd.be·6h ago
OpenAI and Anthropic IPOs Could Generate $3.6 Trillion, Sparking AI Startup Boom
The article discusses how upcoming IPOs from OpenAI, Anthropic, and SpaceX (which already had its record-breaking IPO) could collectively ge
news.bloomberglaw.com·6h ago
SpaceX Stock Falls Below IPO Opening Price After Post-Launch Surge
SpaceX's stock, following its June 12 IPO at $150, initially surged to over $225 before experiencing a sharp decline. The shares have now fa
futurism.com·7h ago
Trading 212 to open Dublin hub, creating 40 jobs
Trading 212, a European online investment platform headquartered in London, is opening a new European hub in Dublin, Ireland, creating 40 jo
siliconrepublic.com·7h ago
Podcast Episode Explores Why Ultra-Wealthy Individuals Are Leaving the US for Singapore and UAE
This article discusses the trend of ultra-high-net-worth individuals (UHNWIs) leaving the United States in 2026 due to a combination of puni
spreaker.com·7h ago
Brazil's economic team studies Guarantee Fund for agribusiness amid rising climate losses and rural debt
Brazil's economic team is studying the creation of a Guarantee Fund for agribusiness in response to rising losses from extreme climate event
mexnews.online·9h agoComments
Sign in to join the conversation.
No comments yet. Be the first.