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Save your seatQCOM ran from roughly $201 in mid-May to $259.92 by May 30, 2026, off a post-earnings AI rerating and fresh automotive partnership news.
The stock has the potential to go down if it loses $242, with a retrace toward the $225 to $230 range possible. Any disappointment around handset demand, AI monetization, or muted guidance at Investor Day would accelerate the downside.
If QCOM holds the $242 to $246 support zone, a move back toward $260 to $270 is on the table. Resistance at $259.92 is the first hurdle, and a strong read-through from AI and automotive commentary would help.
We don't currently have information about QUALCOMM Incorporated's earnings.