Qualcomm, Confluent, Pilgrim's Pride And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 01 2025
0mins
Should l Buy QCOM?
Source: Benzinga
U.S. Stock Market Update: U.S. stock futures rose this morning, with Dow futures increasing by approximately 300 points, while Qualcomm's shares fell 5.3% in pre-market trading despite reporting a revenue increase of 15% year-over-year and beating earnings estimates.
Other Stocks Performance: Several other stocks experienced declines in pre-market trading, including Super Group Limited (-23.3%), Vestis Corporation (-13.2%), and Confluent, Inc. (-10.3%), following their respective financial results announcements.
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Analyst Views on QCOM
Wall Street analysts forecast QCOM stock price to rise
16 Analyst Rating
10 Buy
5 Hold
1 Sell
Moderate Buy
Current: 143.240
Low
165.00
Averages
197.14
High
225.00
Current: 143.240
Low
165.00
Averages
197.14
High
225.00
About QCOM
Qualcomm Incorporated is engaged in the development and commercialization of foundational technologies for the wireless industry, including third generation (3G), fourth generation (4G) and fifth generation (5G) wireless connectivity, and high-performance and low-power computing, including on-device artificial intelligence. Its segments include Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL) and Qualcomm Strategic Initiatives. QCT develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies, including radio frequency front-end, digital cockpit and advanced driver assistance and automated driving, Internet of things including consumer electronic devices, industrial devices and edge networking products. QTL grants licenses or otherwise provides rights to use portions of its intellectual property portfolio that includes certain patent rights essential to and/or useful in the manufacture and sale of certain wireless products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Qualcomm Stock Attracts Investors Amid Discount
- Earnings Warning: Qualcomm's fiscal Q1 2026 sales grew only 5% year-over-year, surpassing analyst expectations, yet management's guidance of $10.2 to $11 billion for the current quarter falls short of the $11.1 billion consensus, indicating significant market pressures.
- Market Opportunity: Despite facing challenges from memory chip shortages in the short term, Qualcomm's Snapdragon microprocessors are increasingly being adopted in AI-capable laptops and wearables, with 2026 poised to be a breakout year for edge computing, driving future growth.
- Technological Outlook: The CEO highlighted that 2026 will present a major opportunity for edge computing, as AI data centers encounter capacity constraints, making Qualcomm's processors a crucial choice for the AI industry due to their processing efficiency and superior memory bandwidth.
- Investor Confidence: Although the memory shortage remains a concern, analysts believe that Qualcomm's stock price has already absorbed most negative news, suggesting that investors may sense a market recovery before the supply issues are resolved, reflecting confidence in future growth.
See More
US Stocks Close Lower Amid AI Outlook Concerns
- Market Weakness: The S&P 500 index fell by 0.28%, the Dow Jones Industrial Average decreased by 0.54%, and the Nasdaq 100 index dropped by 0.41%, indicating market concerns over the outlook for artificial intelligence, particularly affecting chipmakers and AI infrastructure stocks.
- Mixed Economic Data: Initial jobless claims in the US fell to 206,000, a 5-week low, indicating a strong labor market; however, the December trade deficit widened to $70.3 billion, exceeding expectations, reflecting uncertainties in economic recovery.
- Shifts in Fed Policy Expectations: Hawkish comments from Fed officials suggest a potential need for interest rate hikes to combat persistent inflation, leading to a more hawkish outlook for future rate paths, which further dampens market sentiment.
- Earnings Season Nearing Conclusion: With over three-quarters of S&P 500 companies reporting, 74% exceeded expectations, and Q4 earnings are projected to grow by 8.4%, demonstrating corporate resilience, yet the market remains cautious about future growth prospects.
See More
US Stock Market Under Pressure Amid AI Outlook Concerns
- Market Weakness: The S&P 500 index fell by 0.26%, the Dow Jones Industrial Average by 0.28%, and the Nasdaq 100 by 0.34%, reflecting market concerns over the outlook for artificial intelligence, particularly with poor performances from chipmakers and AI infrastructure stocks.
- Mixed Economic Data: Initial jobless claims in the US fell by 23,000 to 206,000, marking a 5-week low and indicating a strong labor market; however, the December trade deficit widened to $70.3 billion, exceeding expectations and suggesting challenges in economic recovery.
- Earnings Season Nearing End: Over 75% of S&P 500 companies have reported earnings, with 75% exceeding expectations, and Q4 earnings growth is projected at 8.4%, marking the tenth consecutive quarter of year-over-year growth, demonstrating resilience in corporate earnings.
- Geopolitical Risks Intensify: WTI crude oil prices rose over 2% to a three-week high due to military buildup in the Middle East, potentially increasing inflationary pressures, which could affect market sentiment and investor confidence.
See More
US Stocks Decline Amid AI Outlook Concerns
- Market Decline: The S&P 500 Index fell by 0.44%, the Dow Jones by 0.57%, and the Nasdaq 100 by 0.66%, reflecting market concerns over the outlook for artificial intelligence, particularly impacting chipmakers and AI infrastructure stocks.
- Mixed Economic Data: Weekly initial jobless claims dropped to 206,000, a five-week low, indicating a strong labor market; however, the December trade deficit widened to $70.3 billion, exceeding expectations, suggesting economic pressures that could affect market confidence.
- Earnings Season Nearing End: Over 75% of S&P 500 companies have reported earnings, with 75% exceeding expectations, and Q4 earnings growth projected at 8.4%, providing some support for the market, although overall sentiment remains cautious.
- Geopolitical Risks Intensify: WTI crude oil prices rose over 1% to a three-week high due to U.S. military buildup in the Middle East, heightening inflation concerns and potentially increasing expectations for Fed rate hikes.
See More
Qualcomm CEO Suggests India as Potential Semiconductor Hub
- Supply Chain Diversification: Qualcomm CEO Cristiano Amon stated during the India AI Impact Summit that the global semiconductor supply chain needs diversification, highlighting India's potential as a semiconductor foundry to reduce reliance on a single market and enhance supply chain resilience.
- R&D Strength in India: Amon emphasized that India is one of Qualcomm's largest R&D sites outside the U.S., indicating the company's commitment to the Indian market, which may lead to increased investments to bolster its competitive position in the global semiconductor industry.
- Market Reaction: Despite the strategic focus on India, Qualcomm's shares fell nearly 0.6% in Thursday's pre-market trading, reflecting a cautious market sentiment regarding the company's outlook amid broader economic uncertainties.
- Bearish Retail Sentiment: At the time of writing, retail sentiment around Qualcomm trended in the 'bearish' territory, indicating a lack of investor confidence in the company's future performance, which could impact short-term stock price movements and overall market confidence.
See More
9 Robust Dividend Stocks as the Market Shifts Towards 'Tangible Assets'
- Investment Opportunities: The current market conditions favor dividend stocks, providing opportunities for income-seeking investors.
- Strategies for Investors: There are various strategies available for investors to capitalize on the potential growth of dividend stocks.
See More
Qualcomm Stock Attracts Investors Amid Discount
- Earnings Warning: Qualcomm's fiscal Q1 2026 sales grew only 5% year-over-year, surpassing analyst expectations, yet management's guidance of $10.2 to $11 billion for the current quarter falls short of the $11.1 billion consensus, indicating significant market pressures.
- Market Opportunity: Despite facing challenges from memory chip shortages in the short term, Qualcomm's Snapdragon microprocessors are increasingly being adopted in AI-capable laptops and wearables, with 2026 poised to be a breakout year for edge computing, driving future growth.
- Technological Outlook: The CEO highlighted that 2026 will present a major opportunity for edge computing, as AI data centers encounter capacity constraints, making Qualcomm's processors a crucial choice for the AI industry due to their processing efficiency and superior memory bandwidth.
- Investor Confidence: Although the memory shortage remains a concern, analysts believe that Qualcomm's stock price has already absorbed most negative news, suggesting that investors may sense a market recovery before the supply issues are resolved, reflecting confidence in future growth.
See More
US Stocks Close Lower Amid AI Outlook Concerns
- Market Weakness: The S&P 500 index fell by 0.28%, the Dow Jones Industrial Average decreased by 0.54%, and the Nasdaq 100 index dropped by 0.41%, indicating market concerns over the outlook for artificial intelligence, particularly affecting chipmakers and AI infrastructure stocks.
- Mixed Economic Data: Initial jobless claims in the US fell to 206,000, a 5-week low, indicating a strong labor market; however, the December trade deficit widened to $70.3 billion, exceeding expectations, reflecting uncertainties in economic recovery.
- Shifts in Fed Policy Expectations: Hawkish comments from Fed officials suggest a potential need for interest rate hikes to combat persistent inflation, leading to a more hawkish outlook for future rate paths, which further dampens market sentiment.
- Earnings Season Nearing Conclusion: With over three-quarters of S&P 500 companies reporting, 74% exceeded expectations, and Q4 earnings are projected to grow by 8.4%, demonstrating corporate resilience, yet the market remains cautious about future growth prospects.
See More
US Stock Market Under Pressure Amid AI Outlook Concerns
- Market Weakness: The S&P 500 index fell by 0.26%, the Dow Jones Industrial Average by 0.28%, and the Nasdaq 100 by 0.34%, reflecting market concerns over the outlook for artificial intelligence, particularly with poor performances from chipmakers and AI infrastructure stocks.
- Mixed Economic Data: Initial jobless claims in the US fell by 23,000 to 206,000, marking a 5-week low and indicating a strong labor market; however, the December trade deficit widened to $70.3 billion, exceeding expectations and suggesting challenges in economic recovery.
- Earnings Season Nearing End: Over 75% of S&P 500 companies have reported earnings, with 75% exceeding expectations, and Q4 earnings growth is projected at 8.4%, marking the tenth consecutive quarter of year-over-year growth, demonstrating resilience in corporate earnings.
- Geopolitical Risks Intensify: WTI crude oil prices rose over 2% to a three-week high due to military buildup in the Middle East, potentially increasing inflationary pressures, which could affect market sentiment and investor confidence.
See More
US Stocks Decline Amid AI Outlook Concerns
- Market Decline: The S&P 500 Index fell by 0.44%, the Dow Jones by 0.57%, and the Nasdaq 100 by 0.66%, reflecting market concerns over the outlook for artificial intelligence, particularly impacting chipmakers and AI infrastructure stocks.
- Mixed Economic Data: Weekly initial jobless claims dropped to 206,000, a five-week low, indicating a strong labor market; however, the December trade deficit widened to $70.3 billion, exceeding expectations, suggesting economic pressures that could affect market confidence.
- Earnings Season Nearing End: Over 75% of S&P 500 companies have reported earnings, with 75% exceeding expectations, and Q4 earnings growth projected at 8.4%, providing some support for the market, although overall sentiment remains cautious.
- Geopolitical Risks Intensify: WTI crude oil prices rose over 1% to a three-week high due to U.S. military buildup in the Middle East, heightening inflation concerns and potentially increasing expectations for Fed rate hikes.
See More
Qualcomm CEO Suggests India as Potential Semiconductor Hub
- Supply Chain Diversification: Qualcomm CEO Cristiano Amon stated during the India AI Impact Summit that the global semiconductor supply chain needs diversification, highlighting India's potential as a semiconductor foundry to reduce reliance on a single market and enhance supply chain resilience.
- R&D Strength in India: Amon emphasized that India is one of Qualcomm's largest R&D sites outside the U.S., indicating the company's commitment to the Indian market, which may lead to increased investments to bolster its competitive position in the global semiconductor industry.
- Market Reaction: Despite the strategic focus on India, Qualcomm's shares fell nearly 0.6% in Thursday's pre-market trading, reflecting a cautious market sentiment regarding the company's outlook amid broader economic uncertainties.
- Bearish Retail Sentiment: At the time of writing, retail sentiment around Qualcomm trended in the 'bearish' territory, indicating a lack of investor confidence in the company's future performance, which could impact short-term stock price movements and overall market confidence.
See More
9 Robust Dividend Stocks as the Market Shifts Towards 'Tangible Assets'
- Investment Opportunities: The current market conditions favor dividend stocks, providing opportunities for income-seeking investors.
- Strategies for Investors: There are various strategies available for investors to capitalize on the potential growth of dividend stocks.
See More
