Qualcomm

Qualcomm makes phone chips and wireless technology.

TickerQCOM (Nasdaq)
Founded1985
Based inSan Diego, California
MakesPhone chips and wireless technology

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Markets5 Nov 2026

Nvidia and Qualcomm Plunge Over 9% as Election Results Shake AI Stocks

A sharp tech selloff led by Nvidia and Qualcomm pushed the Nasdaq down 5.5% as political shifts and local ballot restrictions cloud the future of AI data center construction.

2 min read

Words to know

Free cash flowThe cash a company has left over after paying all its operating expenses and capital costs.Data CenterA large facility housing computer systems and associated components for storing and processing massive amounts of data.neocloudA cloud provider focused specifically on specialised computing hardware for AI tasks.RevenueAll the money a company takes in from sales, before costs.