🔴 Qualcomm is trading 4.3% down in pre-market as Intel warns of softer PC demand

Qualcomm is trading at $177.53 (-4.25%) as Intel’s weak fourth-quarter outlook and warnings about softer PC demand pressure semiconductor stocks.

• Reuters reported that Qualcomm and other chipmakers fell in extended trading as Intel’s gloomy outlook reverberated across the sector.
• Semiconductor shares are down 5.64% pre-market, while the Nasdaq is down 2.05%.
• No clear Qualcomm-specific announcement explaining the move surfaced in the search results.