This article was automatically generated by Dow Jones using technology from Automated Insights.
Shares of Qualcomm Inc. slid 8.8% to $228.99 on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.3% to 7,599.96 and the Dow Jones Industrial Average rising 0.1% to 51,078.88.
The stock's fall snapped a two-day winning streak.
Qualcomm Inc. closed 11.9% below its 52-week high of $259.92, which the company achieved on May 29th.
The stock underperformed when compared to some of its peers, as NVIDIA Corp. rose 6.3% to $224.36, Broadcom Inc. rose 3.0% to $459.97, and Intel Corp. fell 4.67% to $109.33.
Trading volume totaled 20.9 million, compared to the 50-day average of 21.7 million.
Data source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
June 01, 2026 16:34 ET (20:34 GMT)
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