No new catalyst: QCOM was down about 5.9% pre-market, deeper than the roughly 4.0% decline earlier, as global smartphone SoC shipments fell 21% year over year in the third quarter and Qualcomm lost handset share amid higher memory costs and softer OEM demand. The broader technology selloff persisted, with Nasdaq futures down and every configured semiconductor peer lower.
No new catalyst: QCOM was down about 5.9% pre-market, deeper than the roughly 4.0% decline earlier, as global smartphone SoC shipments fell 21% year over year in the third quarter and Qualcomm lost handset share amid higher memory costs and softer OEM demand. The broader technology selloff persisted, with Nasdaq futures down and every configured semiconductor peer lower.