Qualcomm’s shares fell 1.9 per cent in afternoon trading, but the stock has risen 16 per cent this year to a high of $12.84.
Shares were up more than 50 per cent over the past six months, but are down more than half since the start of the year.
Qualcomm stock has increased by about 80 per cent since last year, and has risen in a broad range of sectors since mid-2014.
Its stock has grown more than 7,000 per cent from its low of $5.70 in June.
This week’s stock news article In its latest earnings release, Qualcomm announced a $1.3 billion investment in its data analytics and cloud computing business, but it did not give details of the deal.
The deal also includes $1 billion in additional funding for its mobile and networking business, according to Qualcomm.
The news comes as Qualcomm has become a lightning rod for investors.
Investors have called the company a “dipshit” in the past for failing to deliver on its promise of making devices and software that could rival Apple’s.
In March, Qualcomm CEO Peter Molyneux said that the company’s stock was “not at a level that people think it’s going to be at.”
Qualcomm’s share price has been hovering around $8 for years.
It has been the subject of speculation about the company and its future.
When will Qualcomm stock be down?
Qualcomm stock fell 1 per cent on Thursday.
The stock has gained over 80 per in the last six months.
This is the first time the stock dropped below $8 since March 2016, when Qualcomm’s market value was $17.8 billion.
The company has fallen in every major sector except energy.
Why did Qualcomm stock fall?
Investors were quick to blame Qualcomm for the dip in its stock price, which has been driven by a weak third-quarter.
“Qualcomm has a long history of disappointments,” said John Bogle, co-founder of Vanguard, a market-trading firm.
“And the only reason that stock is down now is because Qualcomm is failing.”
