QCOM

Over the past six months, QUALCOMM's stock has been influenced by a stock surge driven by a strategic pivot towards data centers and AI infrastructure, and an upgrade from Daiwa. The company's Q2 FY2026 earnings report exceeded consensus estimates, and automotive revenue grew by 38% year-over-year. Insider stock sales occurred, and a $20 billion stock buyback plan was announced. The CEO indicated that the Chinese smartphone sector is expected to bottom out in the third quarter and return to sequential growth in the subsequent quarter. In Q1 2026, the stock was negatively impacted by memory-related supply constraints and higher memory prices. Shares declined due to declining margins, softness in the handset market, competitive pressures, and U.S.-China trade skirmishes. Bernstein downgraded QUALCOMM due to weakening smartphone demand, memory-related headwinds, and concerns about Apple-related revenue pressures.