Qualcomm Faces Significant Decline: $150 Becomes Key Level to Monitor Moving Ahead

Recent Stock Performance: Qualcomm's shares have dropped approximately 17% over the past week, marking a significant decline and erasing gains made since 2025, with the stock now trading at levels not seen since 2020.

Market Sentiment and Technical Indicators: The stock's relative strength index (RSI) has fallen into extremely oversold territory, indicating potential selling exhaustion, although extreme RSI readings do not guarantee a market bottom.

Investor Caution: Analysts suggest that the current selling pressure may be driven more by broader market sentiment rather than company-specific fundamentals, highlighting the need for caution among investors.

Potential Recovery Levels: For a recovery, Qualcomm needs to stabilize around the $150 level, with signs of selling exhaustion and a potential shift in market sentiment being crucial for future performance.