Qualcomm Shares Decline 12% Amid Broad Technology Sector Sell-off
Shares of Qualcomm (QCOM) experienced a significant decline on Friday, falling more than 12% to close near $163.14. The stock saw a price reduction of approximately $22.21 during the trading session. The downturn for Qualcomm appears to be part of a wider trend within the technology sector, which faced broad selling pressure throughout the day. This market-wide movement contributed to the sharp contraction in Qualcomm's valuation.
Tickers: $QCOM
Topics: semiconductors stock price decline technology sector