On July 7, Qualcomm declined 3.07% in regular trading, trading at $180.56/share, with turnover of $704 million. The selloff was driven by Citi placing Qualcomm on its 30-day downside catalyst watch list, citing weak smartphone sales growth, while the broader semiconductor sector experienced a sharp collective decline.

Citi analysts highlighted that smartphone volume growth remains sluggish, positioning Qualcomm for potential near-term downside. Notably, Goldman Sachs simultaneously raised its target price on Qualcomm from $145 to $180, creating a pronounced bull-bear divergence that intensified selling pressure. The semiconductor sector saw widespread losses, with Intel down 10.09%, Marvell Technology down 9.83%, AMD down 8.27%, Micron Technology down 7.26%, and NVIDIA down 1.47%, amplifying the drag on Qualcomm.

Qualcomm's next earnings report is scheduled for July 29 after market close, with consensus EPS expected at $1.53. Market sentiment remains cautious ahead of the release as investors weigh the conflicting analyst signals and sector headwinds.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)