{"id":36306,"date":"2026-05-12T16:35:10","date_gmt":"2026-05-12T16:35:10","guid":{"rendered":"https:\/\/www.europesays.com\/ai\/36306\/"},"modified":"2026-05-12T16:35:10","modified_gmt":"2026-05-12T16:35:10","slug":"qualcomm-drops-as-chip-stocks-pull-back-from-record-ai-driven-rally","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ai\/36306\/","title":{"rendered":"Qualcomm drops as chip stocks pull back from record AI-driven rally"},"content":{"rendered":"

Qualcomm is one of the biggest semiconductor companies making chipsets.<\/p>\n

Nurphoto | Nurphoto | Getty Images<\/p>\n

Chip stocks dropped on Tuesday, pulling back from a massive rally that broadened<\/a> the artificial intelligence<\/a> trade beyond Nvidia<\/a> and propelled the sector to new highs. <\/p>\n

Qualcomm<\/a> plummeted 13% and headed for its worst session since 2020. Intel<\/a> dropped 8%, while On Semiconductor<\/a> and Skyworks Solutions<\/a> declined more than 6% each. The iShares Semiconductor ETF<\/a> tracking the sector sank 5%. <\/p>\n

Tuesday’s declines followed a hotter-than-expected reading of a key consumer inflation measure<\/a> as the war in Iran lifts oil prices, sending investors into risk-off mode<\/a>. <\/p>\n

The recent rally has broadened the AI trade beyond chipmaking stalwart Nvidia, which, for years, nearly single-handedly lifted stocks to fresh highs. <\/p>\n

Skyrocketing demand for central processing units<\/a>, and their graphics processing unit counterparts that underpin large language models, has boosted chip stocks to records. <\/p>\n

Investors are betting that the transition from AI training to agents will boost demand for other AI components. That includes memory chip makers, which are hiking prices amid an ongoing supply shortage.<\/p>\n

Micron Technology<\/a> dropped 6%, while Sandisk<\/a> tumbled 8%. Sandisk shares have climbed more than sixfold since the start of the year.<\/p>\n

\"FormfactorChoose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Qualcomm is one of the biggest semiconductor companies making chipsets. Nurphoto | Nurphoto | Getty Images Chip stocks…\n","protected":false},"author":2,"featured_media":36307,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[24,25,133,148,341,835,842,834,144,22793,13218,20904,22792,843,134,18913],"class_list":{"0":"post-36306","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ai","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-breaking-news-technology","11":"tag-business-news","12":"tag-enterprise","13":"tag-intel-corp","14":"tag-ishares-semiconductor-etf","15":"tag-micron-technology-inc","16":"tag-nvidia-corp","17":"tag-on-semiconductor-corp","18":"tag-qualcomm-inc","19":"tag-sandisk-corp","20":"tag-skyworks-solutions-inc","21":"tag-spdr-sp-semiconductors","22":"tag-technology","23":"tag-western-digital-corp"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/36306","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/comments?post=36306"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/36306\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media\/36307"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media?parent=36306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/categories?post=36306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/tags?post=36306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}