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Qualcomm stock rallies 18% in a month amid narrow smartphone chip surge, lagging peers Skyworks and Qorvo.

Market News
17 Sep 2026
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Qualcomm stock rallies 18% in a month amid narrow smartphone chip surge, lagging peers Skyworks and Qorvo.

Qualcomm's stock rose 18% over the past month, outperforming the broader chip market but lagging behind smartphone chip peers Skyworks Solutions (33%) and Qorvo (23%). The rally was driven by a narrow rotation into smartphone chip suppliers, not a broad semiconductor recovery, as the wider chip ETFs SOXX and QQQ declined. Qualcomm's gain lacks a company-specific catalyst, making the rally potentially fragile. Investors face a choice: take profits due to the narrow, rotation-driven rally or buy more, betting on Qualcomm's diversification and steady business if a handset upgrade cycle emerges. Future moves will depend on whether peers maintain their gains and if the broader chip market joins the rally.

Qualcomm's recent 18% rally is notable as the stock continues to gain momentum, rising 3.47% in the last day to USD 191.25 on Pluang as of Sep 18, 2026 02:31 WIB. Despite this, the platform shows a majority of sell orders at 69%, indicating some investors are taking profits. Meanwhile, Skyworks Solutions, a smartphone chip peer, outpaces Qualcomm with a 6.80% gain in the last day, trading at USD 91.41, but with even stronger sell pressure at 88% on Pluang.

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