Advertisement
Canada markets closed
  • S&P/TSX

    21,947.41
    +124.19 (+0.57%)
     
  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     
  • DOW

    38,675.68
    +450.02 (+1.18%)
     
  • CAD/USD

    0.7308
    -0.0005 (-0.07%)
     
  • CRUDE OIL

    77.99
    -0.96 (-1.22%)
     
  • Bitcoin CAD

    85,514.14
    +4,397.26 (+5.42%)
     
  • CMC Crypto 200

    1,363.86
    +86.88 (+6.80%)
     
  • GOLD FUTURES

    2,310.10
    +0.50 (+0.02%)
     
  • RUSSELL 2000

    2,035.72
    +19.61 (+0.97%)
     
  • 10-Yr Bond

    4.5000
    -0.0710 (-1.55%)
     
  • NASDAQ

    16,156.33
    +315.37 (+1.99%)
     
  • VOLATILITY

    13.49
    -1.19 (-8.11%)
     
  • FTSE

    8,213.49
    +41.34 (+0.51%)
     
  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     
  • CAD/EUR

    0.6787
    -0.0030 (-0.44%)
     

Why Qualcomm Stock Dropped This Morning

Why Qualcomm Stock Dropped This Morning

Qualcomm (NASDAQ: QCOM) stock shed about 2.5% through 12:30 p.m. ET on Tuesday, but the reasons why relate more to what's happening at a rival chip company than to anything occurring at Qualcomm itself. If you are unfamiliar with MediaTek, it's worth getting acquainted. With a market capitalization of $47 billion, the Taiwan-based "fabless" semiconductor producer is barely one-third of Qualcomm's size.