Qualcomm Stock Is Down 14.6% From Its High, But QCOM Faces Too Many Headwinds to

After a strong rally, Qualcomm (QCOM) has lost momentum. The stock has fallen 14.6% from its recent high and is down 20.13% over the past month, reflecting valuation concerns and a challenging smartphone market.

The recent pullback comes after Qualcomm's sharp three-month rally pushed its valuation to elevated levels. At the same time, rising demand for AI infrastructure has tightened memory supply, driving up memory prices and increasing costs for smartphone manufacturers. The impact has been particularly evident in China, where many handset makers have scaled back production plans and reduced inventory levels.

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As a result, Qualcomm's QCT Android handset business in China continues to face

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/qualcomm-stock-down-14-6-150002950.html)