Stocks surged following the Democrats' decisive midterm victory, with the Dow experiencing its best day in over a year and a half, boosted by falling oil prices. However, tech stocks faced pressure, notably Qualcomm, whose shares fell over 9% after missing smartphone chip sales estimates. Elon Musk's companies also declined amid political setbacks. Investors are now assessing the impact of a Democratic-controlled Congress on markets and policy, with cautious optimism about reduced polarization but concerns over upcoming political risks like the debt limit fight.
Following the midterm election rally, tech stocks like Qualcomm are facing notable pressure. On Pluang, Qualcomm shares are down 11.85% at USD 152.67 as of Nov 05, 2026 21:02 WIB, reflecting significant investor caution. The stock's market cap stands at $184.94 billion, with a dividend yield of 2.12%, and Pluang order activity shows a majority of 62% selling versus 38% buying.
Qualcomm reported Q4 FY2026 earnings that beat Wall Street estimates with EPS of $2.17 and revenue of $10.32 billion. However, the stock fell 11% due to a soft profit outlook and a 26% year-over-year decline in handset revenue, which overshadowed rec...
The VIX Volatility Index saw its largest one-day drop since April 2025, falling over 20% as Wall Street calmed after midterm elections. Qualcomm shares fell about 10% premarket due to mixed fiscal Q4 results and a Q1 earnings forecast slightly below ...
Qualcomm reported Q4 2026 revenue of $10.44 billion, beating expectations, but profitability and future guidance fell short, causing a pre-market stock drop of over 10%. The company saw sharp declines in handset revenues and margins, while automotive...
Qualcomm reported a 7% revenue decline to $10.4 billion, slightly beating analyst expectations despite facing challenges from higher memory costs and a 26% drop in handset revenue to $5.1 billion. The decline is driven by weak smartphone demand and t...
Qualcomm reported quarterly earnings that exceeded Wall Street expectations with adjusted EPS of $2.17 and revenue of $10.32 billion. However, the company issued a cautious forecast for the next quarter, expecting EPS between $2.15 and $2.35 and reve...
