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Where Will Qualcomm Stock Be In 1 Year?

Where Will Qualcomm Stock Be In 1 Year?

Qualcomm (NASDAQ: QCOM) posted its latest earnings report on Feb. 2. Qualcomm clearly faces a cyclical slowdown along with the broader semiconductor sector, but its stock has already dropped nearly 30% over the past 12 months. Why is Qualcomm facing a cyclical slowdown?