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Qualcomm Stock Dips Amid Chip Release Concerns and Analyst Downgrade
Qualcomm Stock Dips Amid Chip Release Concerns and Analyst Downgrade
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BTCCSquare news:
Qualcomm shares fell over 2% Thursday as the semiconductor giant concluded its Snapdragon Summit. The decline followed profit-taking and muted enthusiasm for its newly unveiled Snapdragon X2 processors, designed to compete in the stagnant PC market.
Aletheia Capital analyst Angus Lin downgraded the stock to hold, citing underperformance relative to peers. The bearish MOVE reflects broader skepticism about Qualcomm's ability to gain traction against entrenched competitors in a mature sector.
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