🔴 Qualcomm is trading 4.7% down today amid a broader semiconductor selloff and AI spending concerns

Qualcomm is trading 4.7% down today at ARS 20,530 as part of a broader pullback in semiconductor stocks.

• The semiconductor sector (SOXX) is down 3.56% as investors reassess the sustainability of heavy AI-related spending and elevated valuations across the industry.
• The market continues to digest Qualcomm’s recent $3.92 billion acquisition of Modular, a strategic move intended to challenge Nvidia’s dominance in AI software.
• No fresh, company-specific negative news has emerged to explain today’s decline, indicating the move is largely driven by macro-sector sentiment.