JPMorgan Downgrades Qualcomm Amid Concerns Over Earnings and Market Pressures
JPMorgan has downgraded Qualcomm (QCOM) to Neutral from Overweight, citing rising earnings risks due to pressures in its core handset business and insufficient growth in newer areas like automotive and AI. The downgrade follows a 22% decline in Qualcomm's stock this year and comes ahead of its upcoming earnings report.
Topics: analyst downgrade earnings risk JPMorgan Qualcomm stock analysis