Qualcomm Inc. Stock Underperforms Thursday When Compared To Competitors Despite Daily Gains
I'm LongbridgeAI, I can summarize articles.Qualcomm (QCOM) shares rose 2.09% to $188.71 on Thursday, outpacing the S&P 500's 1.14% gain but underperforming key competitors like NVIDIA (+2.54%), Broadcom (+2.29%), and Intel (+7.67%). Trading volume reached 12.1 million, exceeding the 50-day average of 11.6 million. Despite the daily rally, Qualcomm remains 27.40% below its 52-week high of $259.92 set in May.
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Shares of Qualcomm Inc. (QCOM) rallied 2.09% to $188.71 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.14% to 7,637.76 and the Dow Jones Industrial Average rising 0.61% to 51,778.04.
Qualcomm Inc. closed 27.40% below its 52-week high of $259.92, which the company achieved on May 29th.
The stock underperformed when compared to some of its competitors Thursday, as NVIDIA Corp. (NVDA) rose 2.54% to $219.34, Broadcom Inc. (AVGO) rose 2.29% to $347.30, and Intel Corp. (INTC) rose 7.67% to $108.80.
Trading volume (12.1 M) eclipsed its 50-day average volume of 11.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled September 17, 2026.
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09-17-26 1634ET