Trade Desk Downgrade Leads to Stock Plunge
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy QCOM?
Source: CNBC
- Trade Desk Downgrade: The stock of Trade Desk fell nearly 7% after HSBC downgraded its rating from hold to reduce and slashed the price target from $31 to $20, indicating about a 13% downside, marking the company's fourth consecutive negative trading day.
- Corning Stock Surge: Corning's shares jumped 10% after Nvidia announced a $3.2 billion investment and a partnership to open three new manufacturing plants, leading to its inclusion in Bank of America's U.S. 1 List, reflecting strong market confidence in its growth prospects.
- Wendy's Rating Cut: JPMorgan downgraded Wendy's from neutral to underweight with a new price target of $6, implying an 18% downside, primarily due to a continued decline in U.S. same-store sales trends and uncertainty about the company's future, resulting in a 6% drop in stock price.
- Circle Internet Group Mixed Results: Circle's stock rose 15% after reporting earnings per share of 21 cents, beating expectations, although its revenue of $694 million fell short of the $722 million forecast, while successfully raising $222 million from various institutions, indicating market confidence in its stablecoin.
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Analyst Views on QCOM
Wall Street analysts forecast QCOM stock price to fall
16 Analyst Rating
10 Buy
5 Hold
1 Sell
Moderate Buy
Current: 219.090
Low
165.00
Averages
197.14
High
225.00
Current: 219.090
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.
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- Corning Stock Surge: Corning's shares jumped 10% after Nvidia announced a $3.2 billion investment and a partnership to open three new manufacturing plants, leading to its inclusion in Bank of America's U.S. 1 List, reflecting strong market confidence in its growth prospects.
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- Biotech Stocks Surge: Moderna jumped in early trading as investors express optimism about its early hantavirus research, with the stock gaining over 15% in the past five days, highlighting market interest in biotech innovation.
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- Middle East Impact: The failure of the US and Iran to reach a peace agreement has led to rising global bond yields, with the 10-year T-note yield increasing by 3 basis points to 4.39%, raising concerns that elevated energy prices could force central banks to tighten monetary policy.
- Chinese Trade Data: China's April exports rose by 14.1% year-on-year and imports increased by 25.3%, both exceeding market expectations, indicating positive signals for global economic recovery that could benefit global markets.
- Earnings Reports: So far, 83% of the 446 S&P 500 companies that reported earnings have beaten estimates, with Q1 earnings projected to climb by 12% year-on-year, although excluding the technology sector, the growth is only 3%, marking the weakest performance in two years.
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- Trade Desk Downgrade: The stock of Trade Desk fell nearly 7% after HSBC downgraded its rating from hold to reduce and slashed the price target from $31 to $20, indicating about a 13% downside, marking the company's fourth consecutive negative trading day.
- Corning Stock Surge: Corning's shares jumped 10% after Nvidia announced a $3.2 billion investment and a partnership to open three new manufacturing plants, leading to its inclusion in Bank of America's U.S. 1 List, reflecting strong market confidence in its growth prospects.
- Wendy's Rating Cut: JPMorgan downgraded Wendy's from neutral to underweight with a new price target of $6, implying an 18% downside, primarily due to a continued decline in U.S. same-store sales trends and uncertainty about the company's future, resulting in a 6% drop in stock price.
- Circle Internet Group Mixed Results: Circle's stock rose 15% after reporting earnings per share of 21 cents, beating expectations, although its revenue of $694 million fell short of the $722 million forecast, while successfully raising $222 million from various institutions, indicating market confidence in its stablecoin.
See More
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- Market Growth Potential: GF Securities forecasts the server CPU market will expand from $26 billion in 2025 to $135 billion by 2030, reflecting a compound annual growth rate of 38%, indicating a surge in hardware demand driven by rapid AI infrastructure development.
- AMD's Market Share: The firm anticipates AMD's server CPU business will grow by 73% in 2026, which not only solidifies its dominance in the x86 chip market but also positions it to benefit from the shift of AI workloads towards inference and agentic AI.
- Intel's Growth Outlook: Concurrently, Intel's data center and AI segment is expected to grow by 39% in 2026, demonstrating its strong competitive position in the AI-driven market, allowing it to benefit alongside AMD from this trend.
- Qualcomm's Long-Term Opportunities: GF Securities highlights that Qualcomm's expansion into data center CPUs could make it a long-term winner, with more details expected at its investor day on June 24, further bolstering market confidence in its future growth.
See More
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- Key Position Increases: Hussman increased his stake in Corcept Therapeutics Inc by 94,500 shares, a significant 300% increase, bringing total holdings to 126,000 shares valued at $5.08 million, reflecting strong bullish sentiment towards the biopharmaceutical company.
- Complete Exits: Hussman exited 81 holdings in Q1, including Qualcomm Inc and Charter Communications Inc, which impacted the portfolio by -1.13% and -0.95% respectively, demonstrating a cautious approach towards these tech stocks.
- Portfolio Overview: As of Q1 2026, Hussman's portfolio comprised 268 stocks, primarily concentrated across 11 industries including healthcare, technology, and consumer goods, showcasing a diversified investment strategy to mitigate market fluctuations.
See More
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- Broad Agenda: The summit is expected to cover a wide range of topics, including trade, artificial intelligence, export controls, Taiwan, and the Iran war, indicating a desire to ease tensions through dialogue after recent escalations.
- Business Deal Expectations: Trump hopes to secure a series of business deals and purchase agreements during the visit, which, if successful, could enhance U.S. companies' competitiveness in the Chinese market and foster bilateral economic relations.
- Diverse Executive List: The delegation includes executives from various sectors, such as Stephen Schwarzman of Blackstone and Jane Fraser of Citigroup, reflecting U.S. companies' commitment to the Chinese market and willingness to collaborate.
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