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Qualcomm stock falls 6% amid profit-taking despite broader chip sector gains

Market News
18 Sep 2026
24/7 Wall Street
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Bearish
Qualcomm stock falls 6% amid profit-taking despite broader chip sector gains

Qualcomm shares dropped 6% to $178.15, giving back part of a recent 12% rally, while the broader semiconductor sector, represented by the iShares Semiconductor ETF, rose 1%. This decline appears specific to Qualcomm, likely due to profit-taking after a strong run, rather than a sector-wide selloff. Skyworks and Qorvo, also in the radio frequency (RF) segment, saw smaller declines of 2%, reflecting a divergence between RF components and the broader chip market driven by AI and data center demand. Investors should watch if Qualcomm maintains most of its recent gains, as this will indicate whether the uptrend remains intact or if further volatility is expected.

Qualcomm shares on Pluang are priced at USD 178.21, down 5.56% in the last day, with a market cap of $201.55 billion. Skyworks is also down 3.19% at USD 88.41, with all recent orders being sell orders. These figures are current as of Sep 19, 2026 01:11 WIB.

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